In the past 24 hours, approximately $47 million (about 68.7 billion won) worth of leverage positions were liquidated in the cryptocurrency market.
According to the current aggregated data, Bybit had the highest liquidations within a 4-hour period, with a total of $36.1 million (76.72% of the total) liquidated. Among these, long positions accounted for $26.2 million, or 72.57%.
Binance had the second-highest liquidations, with $4.86 million (10.33%) of positions liquidated, of which short positions accounted for $3.28 million (67.39%).
OKX experienced approximately $3.83 million (8.14%) in liquidations, with long positions at 60.46%. Gate.io and HTX also saw liquidations of $1.61 million (3.42%) and $570,000 (1.22%) respectively.
Notably, most exchanges including Binance, Gate.io, HTX, and CoinEx showed high short position liquidation rates, with CoinEx having an overwhelming 85.82% short position liquidation rate.
For individual cryptocurrencies, Bitcoin (BTC) is currently trading at $84,484, down 0.71% in the past 24 hours. Bitcoin-related positions saw $3.32 million in long position and $930,000 in short position liquidations over 24 hours.
Ethereum (ETH) is trading at $1,592, down 0.59% in the past 24 hours. Ethereum experienced $6.7 million in long position and $2.36 million in short position liquidations over 24 hours.
Solana (SOL) is trading at $134, down 0.61%, with $2.24 million in long position and $8.42 million in short position liquidations over 24 hours. Particularly, short position liquidations reached $7.24 million within a 4-hour period.
FARTCO Token notably dropped by 11.64% in 24 hours, resulting in $4.98 million in long position and $1.65 million in short position liquidations. In terms of liquidation scale, it ranks among the top tokens.
According to the 24-hour liquidation heatmap, excluding other tokens, Solana (SOL) and 10000000AIDOGE had the highest liquidations at approximately $10.66 million and $10.53 million respectively. Ethereum (ETH) followed with $9.06 million, AERGO with $6.96 million, and FARTCOIN with $6.62 million in liquidations.
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 can be seen as an indicator of increasing volatility in the recent cryptocurrency market.
For real-time news...Go to TokenPost Telegram
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
