SPCX futures liquidations top BTC and ETH over the past hour

AI Market Summary

Coinglass data cited by ChainThink shows roughly $6M in SPCX futures liquidations over the last hour, surpassing BTC and ETH liquidations in the same window. The concentration in SPCX and XYZ:SPCX pairs points to an abrupt deleveraging event and elevated short-term volatility in SPCX-linked markets, with potential spillover to broader risk sentiment if forced selling persists.

Impact level

● Medium

Affected assets

NCSKSPCX2USD/USDT-4.50%

AI Insight · NCSKSPCX2USD/USDTAI Insight

▼ Bearish

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ChainThink cited Coinglass data showing that global liquidations in SPCX futures reached nearly $6 million over the past hour, surpassing both BTC and ETH in the same window. The SPCX pair accounted for $4.24 million in liquidations, while the XYZ:SPCX pair saw $1.6 million. By comparison, BTC liquidations totaled $4.86 million and ETH came in at $4.35 million.

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