Ether Liquidations Reach $184 Million as $44 Billion in Futures Stay Open

Ether (ETH) saw $184.41 million in leveraged positions liquidated over a 24-hour period, equal to about 0.42% of the $44.26 billion in ETH perpetual futures open interest. Long positions accounted for 90.4% of liquidations, or about $166.7 million. Short positions made up about $17.7 million. A long position is structured to gain when the asset’s price rises. Open interest measures the value of derivatives contracts that remain open and unsettled. Perpetual futures have no expiration date and let traders take leveraged positions.

Source: TokenPost