Large ETH liquidations up to $4,500 in year-end market, over $100 million worth of positions liquidated in the past 24 hours with a sharp increase

Market volatility is intensifying during the year-end and New Year period. According to data from CoinAnk reported by PANews on December 31, in the past 24 hours, there has been a massive liquidation of crypto asset futures positions across the entire network, amounting to $190 million. Notably, the liquidation of ETH reached $21.95 million, accounting for approximately 20% of the total liquidations, serving as a key indicator.

Who Took the Hit: Longs or Shorts?

In this liquidation exceeding $100 million, long positions suffered losses of $62.38 million, while short positions lost $46.77 million. Longs accounted for about 57%, and shorts about 43%, indicating that buyers have been hit harder.

The total liquidation amount for BTC is $30.42 million. Compared to ETH’s liquidation of $21.95 million, which is associated with a decline to around $4500, it is evident that BTC-led market adjustments are affecting some investors.

What’s Happening Amid the Year-End Market Turmoil?

The large-scale liquidations over the past 24 hours are more than just price fluctuations. Rapid changes in market liquidity and concentrated leverage trading are amplifying the instability at year-end. The intense price movements around $4500 for ETH highlight the importance of technical support levels, which warrants continued attention.

The year-end market is a period of heightened volatility. These liquidation events exceeding $100 million serve as a reminder to market participants of the importance of risk management.