Cryptocurrency Market, HTX Short Liquidation Unusual… Positions Cleared of Over $300 Million in 24 Hours

In the past 24 hours, a large-scale liquidation occurred in the cryptocurrency market, with liquidations particularly focused on long positions.

According to the currently aggregated data, in the 4-hour liquidation data by exchange, HTX recorded the highest liquidation amount at $45.26 million, with an unusual pattern where 90.74% ($41.07 million) was short position liquidation. This shows a pattern contrary to other major exchanges.

Binance experienced the second-highest liquidation at $30.21 million, with 87.24% being long position liquidations. Bybit and OKX recorded liquidation amounts of $18.85 million and $16.30 million respectively, with both exchanges showing approximately 90% long position liquidations.

4-hour Exchange Liquidation Data / CoinGlass

By coin, Bitcoin (BTC) recorded the highest liquidation amount. Based on 24 hours, a total of $116.07 million in liquidations occurred in Bitcoin positions, with $49.74 million in long position liquidations and $66.33 million in short position liquidations. On a 4-hour basis, Bitcoin saw long position liquidations of $12.47 million and short position liquidations of $40.93 million.

Ethereum (ETH) experienced total liquidations of $142.49 million over 24 hours, with $94.68 million in long position liquidations and $47.87 million in short position liquidations. On a 4-hour basis, $35.94 million in long positions and $3.10 million in short positions were liquidated.

Dogecoin (DOGE) also saw significant liquidations, with a total of $29.85 million over 24 hours, including $20.62 million in long position liquidations and $9.24 million in short position liquidations. Dogecoin experienced $8.95 million in long position liquidations over 4 hours, accompanied by a 1.66% price drop.

Solana (SOL) saw $26.98 million in liquidations over 24 hours despite a 7.02% price increase, with short position liquidations of $18.74 million being notably higher than long position liquidations of $8.35 million.

A notable altcoin was PEPE, which saw $1.43 million in long position liquidations over 4 hours, accompanied by a 2.06% price drop. Additionally, the HYPE Token experienced $0.68 million in long position liquidations with a 5.09% price decline.

This large-scale liquidation demonstrates increasing market volatility, with the massive short position liquidation on HTX and the long position-centered liquidation pattern on other exchanges revealing differences in trader positioning across exchanges. Market participants may gain insights into future market direction through these liquidation data.

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