Coinglas reports significant liquidations in the crypto market; Bitcoin and Ethereum dominate
It is reported that according to Coinglas, US $46.32 million has been liquidated in the past hour. Among them, $26 million of clearing came from Bitcoin transac
It is reported that according to Coinglas, US $46.32 million has been liquidated in the past hour. Among them, $26 million of clearing came from Bitcoin transactions, and the other $11 million came from ETH. In the past day, 49562 traders were cleared, totaling $159.17 million. The largest single clearing occurred in the XBTUSD transaction of BitMEX, with the amount of 6.49 million US dollars.
Data: US $46.32 million was cleared in the past hour
Analysis based on this information:
The cryptocurrency market is known for its volatility and unpredictability. In recent times, the market witnessed huge fluctuations resulting in significant liquidations. According to Coinglas, a platform that tracks trading data of different cryptocurrencies, the crypto market saw US $46.32 million being liquidated in the past hour. The data showed that Bitcoin transactions contributed $26 million in clearing, whereas the remaining $11 million came from ETH.
In the past day, a total of 49562 traders lost a combined total of $159.17 million, indicating that the market is experiencing tough times. The highest liquidation was recorded in the XBTUSD transaction of BitMEX, where a whopping $6.49 million was cleared. The data highlights the need for caution when entering the crypto market, as these fluctuations can wipe out investments in a matter of hours.
The high liquidation rate is concerning, and it is a wake-up call for traders and investors to employ proper risk management while investing in the market. With an increase in demand for cryptocurrencies, more people are showing interest in trading currencies such as Bitcoin and Ethereum. However, it’s important to note that the crypto market remains unregulated, and as such, risks are higher compared to traditional investments.
Bitcoin and Ethereum remain the dominant cryptocurrencies in the market, and this reflects in the data released by Coinglas. Despite the fluctuations, both currencies have witnessed steady growth over the years, attracting more investors. However, with the high liquidation rate recorded in the past 24 hours, it is crucial for traders to be vigilant and monitor market trends closely to avoid losses.
In conclusion, the data presented by Coinglas sheds light on the challenges facing the crypto market. Liquidations can occur at any given time, and traders must employ proper risk management measures to protect their investments. The dominance of Bitcoin and Ethereum in the market further highlights the need for investors to be cautious and informed when investing in the crypto market.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/ai/8690.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
USDC Sending Addresses Spike to Three-Month High
According to reports, Glassnode data shows that the number of sending addresses of USDC has just reached 2156.935 in the past hour (the average of 7 days), reaching a three-month high. The number of USDC sending addresses reached a three-month high in the past hour Analysis based on this information:The cryptocurrency market has been an interesting one to watch, with the rise and fall of various digital assets over the years. One cryptocurrency that has managed to remain relatively stable is USD Coin (USDC). According to reports, Glassnode data reveals that there has been a spike in the number of sending addresses for USDC in the past hour, with an average of 2156.935 sending addresses recorded over the last seven days. This is the highest the number of USDC sending addresses has been in the past three months. USDC is a stablecoin that is pegged to the USD, meaning that it is designed to maintain a stable value of $1….
-
#Article Title: “Wintermute Attacker: The Mysterious Large Holder of 3CRV”
According to reports, according to Paidun monitoring, its community contributors found that the address labeled as \”Wintermute attacker\” has become the largest holder of 3CRV (28%)
-
What currency is ukousd
<img src='https://img.doulai.com/pic/enpic.php?k=uk What currency is it? Imgalt=uk What currency is it? Images} What currency is it? According to Bitcoin, uk is a digital currency used to represent the independent status of the UK. According to official information, the pound sterling (UK) is the only dollar denominated tool and exchange medium used in world trade. In euros, its value is approximately $3 trillion to $400 billion. In addition, this currency has another purpose: as a payment system for international settlements. If a country wants to use this thing for global foreign exchange trading, it can achieve this goal by purchasing some goods and services What currency is ukousd? Ukousd is a currency supported by blockchain technology. It is a decentralized Cryptocurrency project developed based on the ERC-20 token standard of Bitcoin. Its circulation is 2100 trillion pieces, which has increased by more than 100 times in the past two years. The main function of ukusd is to become a payment and…
-
NBA Luca Dongcheqi NFT star card sold in Sorare for approximately $77000
According to reports, according to data from Web3 gaming platform Sorare, NBA Dallas Rangers star Luca Don č i ć） The 1/1 Unique star card has been sold for 40.444 ETH, approximate
-
The Rise of Ethereum: 8-Month High in the Number of ETH Holders
According to reports, Glassnode data shows that the number of addresses holding at least 0.01 ETHs has reached 23363445, an 8-month high.
The number of addresses with at least 0.01 -
Flare Network Launches Three-Year Token Distribution
On March 18th, the public chain Flare Network officially launched a three-year token distribution. The public chain Flare Network officially launched a three-year token distribution Analysis based on this information:Flare Network is a public chain that operates on the Ethereum blockchain. On March 18th, Flare Network announced the launch of a three-year token distribution program. The program is aimed at incentivizing early adopters of the network and promoting adoption. The distribution will take place over three years and will be divided into four phases. The first phase will begin on April 1st and will run until June 30th. During this phase, eligible users will be able to claim a one-time distribution of Spark tokens, the native token of Flare Network. The Spark tokens will be distributed to eligible users who hold either XRP, the native token of the Ripple network, or F-Assets, a tokenized representation of assets that exist on other blockchains. The distribution of the tokens will be proportional…
-
What does the Huobi liquidation price mean?
What does the Huobi liquidation price mean? According to Huobi\’s announcement,
-
Bitcoin NFT Protocol Ordinals Surpasses 300,000 Inscriptions with a total cost of 66 BTC
It is reported that according to the latest data of Dune Analytics, the cumulative number of NFT inscriptions on the Bitcoin NFT protocol Ordinals has exceeded…
-
The need for governance of the metauniverse industry in China
It is reported that Wu Jiezhuang, a member of the National Committee of the Chinese People\’s Political Consultative Conference and a member of the Legislative C
-
SEC Chairman Considers Mortgage Agreement Tokens as Securities
According to reports, Gary Gensler, chairman of the Securities and Exchange Commission, advised reporters on Wednesday that tokens using mortgage agreements can be considered securities under U.S. law. Gensler said, “The investing public is investing in expected returns, expecting something from these tokens, regardless of whether they are proof of equity tokens. They also want to receive returns from these proof of equity tokens and receive returns of 2%, 4%, and 18%.” SEC Chairman: Tokens using mortgage agreements can be considered securities Analysis based on this information:In recent news, Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), mentioned that tokens using mortgage agreements can be classified as securities under the United States law. This statement was given to reporters on Wednesday during a press conference. Gensler argued that investors who put money into tokens based on mortgage agreements do it with the expectation of getting some returns, regardless of whether they are proof of equity tokens. This…