Pengumuman Gate Research: As U.S. Election Nears, Market Volatility Surges with $200M in Forced Liquidations Over 24 Hours

Gate Research: As U.S. Election Nears, Market Volatility Surges with $200M in Forced Liquidations Over 24 Hours

2024-11-05 10:49:31 UTC 7788 Baca

[//]:content-type-MARKDOWN-DONOT-DELETE
<center> ![](https://gimg2.gateimg.com/image/article/1730862517twi_en.jpg)</center>

**Gate Research Daily Report (November 5): **In the past 24 hours, the total forced liquidation in the crypto market reached $206 million, with long positions accounting for $159 million. Over $600 million in tokens flowed into Solana, with more than 90% originating from Ethereum. Grayscale's multi-token fund GDLC submitted its ETP application, initiating the review process to potentially become the first multi-crypto asset ETP. a16z made an additional $23 million donation to the crypto advocacy group Fairshake to support crypto policy reform. Meanwhile, the State Bank of Pakistan proposed the legalization of digital currency.

**Market Analysis**: In the last 24 hours, total liquidations in the crypto market reached $206 million, with long positions accounting for $159 million.
**Top Performers**: The most popular tokens over the past 24 hours were TROY, COOK, and KYVE, with daily gains of approximately 68%, 31.7%, and 23.7%, respectively.
**Data Highlights**: In October, over $600 million in tokens flowed into Solana, with Ethereum contributing more than 90% of the total.
**Spotlight Analysis**: Grayscale's multi-token fund (GDLC) has submitted an application for an Exchange-Traded Product (ETP), which has now entered the review process. This could potentially be the first multi-crypto asset ETP.
**Market Opportunities**: The Humanity Protocol is utilizing palm recognition technology to give users complete control over their data and identity. The platform has introduced the RWT reward token as a core incentive mechanism on its testnet.
Explore today's details 👉🏻  Gate Research: As U.S. Election Nears, Market Volatility Surges with $200M in Forced Liquidations Over 24 Hours

**Gate Research** 
Gate Research is a comprehensive blockchain and crypto research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Click the [Link](https://www.gate.io/learn/topics?category=Research&page=1&sort=updated_at) to learn more

<sp>
Gateway to Crypto
Trade over 2,600 cryptocurrencies safely, quickly, and easily on Gate.io

Visit our  [Official Website](https://www.gate.io/activities/gate-collaborates-with-inter-milan "Official Website") >>>
Download Gate.io [App](https://www.gate.io/mobileapp?ch=ann28618 "App") / [Web](https://www.gate.io/mobileapp "Web") now>>>
Follow us on [Gate.io X (Twitter)](https://x.com/gate_io "Gate.io X (Twitter)") to get more bonuses>>>
Join our [Telegram](https://t.me/gateio_en "Telegram") to discuss hot topics>>>
Join our [Global Community](https://www.gate.io/community "Global Community") to get more updates>>>
We provide [100% proof of reserve](https://www.gate.io/proof-of-reserves "100% proof of reserve")>>>
[Sign up](https://www.gate.io/signup "Sign up") to enjoy max. $6666 in rewards exclusively for new users
Get 40% commission from [referrals](https://www.gate.io/referral "referrals")

Gate.io Team
Nov 5th, 2024

Gate Research: As U.S. Election Nears, Market Volatility Surges with $200M in Forced Liquidations Over 24 Hours

Pilih bahasa dan wilayah

Mata Uang Fiat