Bitcoin Drop Triggers $529 Million in Crypto Futures Liquidations in One Hour

• More than $529 million in liquidations hit the crypto perpetual futures market over the past hour amid a decline in Bitcoin prices.
• During that period, $478 million in long positions and $50.2 million in short positions were liquidated, with $108 million in Ether liquidations marking the largest total.
• Bitcoin fell from the $78,000 range to the $77,000 range, but was still trading at $77,313.76, up 2.65% from a day earlier.

Forecast Trend Report by Period

More than $500 million of positions were liquidated in the cryptocurrency futures market over the past hour as Bitcoin prices declined.

BlockBeats and other outlets reported on August 22 that liquidations in the crypto perpetual futures market totaled $529 million during the period. Long positions accounted for about $478 million of the total, while short positions made up about $50.2 million.

Bitcoin fell from the $78,000 range to the $77,000 range on the day. As of 3:17 p.m. Seoul time, Bitcoin was trading at $77,313.76, up 2.65% from a day earlier

#Futures Market
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Source: en.bloomingbit.io