Market Turbulence Sees Liquidation of Over $1 Billion in Contracts
According to the latest data from Coinglass, the cryptocurrency market faced significant turbulence in the past 24 hours, with total contract liquidations reaching $1.01 billion, highlighting the market's high volatility.
Bull and Bear Contracts Take Heavy Losses
In this market downturn, long positions suffered liquidations worth $901 million, while short positions were also heavily impacted, losing $113 million.
Outlook for Future Market Trends
- Market volatility is intensifying, and investors need to enhance their risk awareness.
- It's advisable to closely monitor market movements and manage positions wisely.
- Long-term investors should remain calm and avoid emotional trading decisions.