In the past 24 hours, approximately $88.87 million (about 129.6 billion won) worth of leverage positions were liquidated in the cryptocurrency market.
According to the currently compiled data, short positions overwhelmingly dominated the liquidations, accounting for about 80% of total liquidations.
Binance experienced the most position liquidations in the past 4 hours, with a total of $6.71 million (48.58%) liquidated. Among this, short positions accounted for $4.92 million, or 73.3%.
Bybit was the second-highest exchange for liquidations, with $3.02 million (21.86%) of positions liquidated, of which short positions were $2.38 million (78.81%).
OKX saw approximately $2.20 million (15.96%) in liquidations, with an extremely high short position ratio of 89.37%.
Notably, except for Bitfinex, all major exchanges showed significantly higher short position liquidations compared to long positions, with BitMEX showing 100% short position liquidations.
By coin, Ethereum (ETH) had the most liquidated positions. Approximately $31.88 million in Ethereum positions were liquidated in 24 hours, with $3.26 million in short position liquidations in 4 hours. This is related to the market rebound, with Ethereum price rising 1.09%.
Bitcoin (BTC) had about $7.55 million in positions liquidated in 24 hours, with $4.33 million in short position liquidations in 4 hours. Currently, Bitcoin price is trading at $118,199, up 0.62%.
Solana (SOL) saw approximately $6.53 million liquidated in 24 hours, while among other major altcoins, SUI ($6.59 million) and ZORA ($7.02 million) had significant liquidations.
Doge also experienced $3.60 million in liquidations over 24 hours with a 1.67% price increase, with $4.74 million in short position liquidations in 4 hours.
Notably, SUI saw a large short position liquidation of $5.12 million in 24 hours alongside a 5.12% price increase, and ENA also saw short position liquidations significantly exceeding long positions with a 5.47% price increase.
In the cryptocurrency market, 'liquidation' refers to the forced closure of a leverage position when a trader fails to meet margin requirements. This data can be seen as an indicator showing that traders who took short positions suffered massive losses as the market generally rose.
For real-time news...Go to TokenPost Telegram
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
