In the past 24 hours, approximately $177.76 million (about 24 billion won) worth of leverage positions were liquidated in the cryptocurrency market.
According to the currently compiled data, the most liquidations occurred on Bybit and Binance among all exchanges, with most liquidations centered on long positions.
Bybit experienced the most position liquidations in the past 4 hours, with a total of $10.48 million (27.72% of the total) liquidated. Among this, long positions accounted for $7 million, or about 66.8%.
Binance saw similar liquidations of $10.47 million (27.68%), with a higher long position ratio of 75.07%.
OKX experienced liquidations of about $6.58 million (17.4%), with long positions still dominating at 70.96%.
Notably, HTX exchange differed from other exchanges by having more short position liquidations. Out of the total $3.91 million in liquidations, 68.87% were short positions, which can be seen as a unique pattern amid the market's upward trend.
By coin, Bitcoin (BTC) related positions were liquidated the most. Approximately $71.04 million in Bitcoin positions were liquidated in 24 hours, with the current price at $84,586.9, up 1.70% in 24 hours.
Ethereum (ETH) saw about $50.09 million in positions liquidated, currently trading at $1,608.32, up 2.65% in 24 hours.
Solana (SOL) had approximately $18.83 million liquidated and is currently trading at $130.22, up 6.20%. Its price increase is notably among the highest for top coins.
Interestingly, the 'FARTCO' Token experienced significant liquidations of $4.9 million in 24 hours, with long and short positions liquidated at similar ratios.
The Trump-related Token 'TRUMP' is also noteworthy. The token increased by 6.70% in 24 hours, with approximately $1.2 million in positions liquidated. Particularly, the short position liquidation scale was significantly larger than long positions.
The SUI Token also saw a large price increase of 7.59% in 24 hours, with liquidations centered on short positions, with over $2.2 million in positions liquidated.
In the cryptocurrency market, 'liquidation' refers to the forced closure of a leverage position when a trader fails to meet margin requirements. This liquidation data shows that investors who took short positions are being impacted amid the recent overall upward trend in the cryptocurrency market.
For real-time news...Go to TokenPost Telegram
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
