Long positions dominate, with 24-hour futures liquidation reaching $154 million

In late December, a large liquidation event occurred in the overall network’s cryptocurrency futures market. According to data reported by CoinAnk via PANews, forced liquidations centered around long positions have impacted the market.

24-Hour Futures Liquidation Data Overview

In the past 24 hours, the total liquidation amount of cryptocurrency futures contracts across the entire network reached $154 million. This figure suggests that rapid market fluctuations and leverage position adjustments are accelerating.

The liquidation amount for long positions was $91,623,100, accounting for approximately 60% of the total liquidations. Meanwhile, the liquidation amount for short positions was $62,052,300, making up about 40% of the total. This ratio indicates a market environment dominated by long positions during this period and subsequent adjustment pressures.

What is the situation with BTC and ETH liquidations?

By major assets, Bitcoin (BTC) had a total liquidation of $46,504,000, accounting for about 30% of the total, while Ethereum (ETH) had a total liquidation of $33,599,200.

Together, these two assets accounted for a total of $70,103,200 in liquidations, showing that BTC and ETH constitute the majority of the overall network liquidations.

What does the focus on long position liquidations imply?

The high number of long position liquidations is likely due to increased positions during a bullish trend followed by automatic settlements during price corrections. Such liquidation patterns are especially prominent when the market’s supply and demand balance shifts.

This liquidation event should serve as a key indicator for long position holders and will be an important data point for predicting future market trends.