PiCK
Cryptocurrency Market Volatility Surges…Liquidation Reaches $1.2 Billion in 24 Hours
YM Lee
- It was reported that the volatility in the cryptocurrency market surged sharply following the hawkish remarks by Federal Reserve Chair Jerome Powell last Thursday.
- According to CoinGlass data, the 24-hour liquidation amount is approximately $1.23 billion, with the majority being long positions.
- The exchange with the most liquidations was Binance, with $548.95 million in liquidations.
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- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Following the hawkish remarks by Jerome Powell, the Federal Reserve Chair, last Thursday, the volatility in the cryptocurrency market has sharply increased, leading to a surge in liquidation positions in the perpetual futures market.
According to CoinGlass data on the 20th (local time), the 24-hour liquidation amount is approximately $1.23 billion, with $1.06 billion being long positions.
The exchange with the most liquidations was Binance, with $548.95 million in liquidations, 86.78% of which were long positions.
YM Lee
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