In the past 24 hours, approximately $151 million (about 221.4 billion won) worth of leverage positions were liquidated in the cryptocurrency market.
According to the currently aggregated data, long positions accounted for $84.88 million, representing 56.2% of the total liquidations, while short positions were $66.12 million, accounting for 43.8%.
Binance had the most position liquidations over the past 4 hours, with a total of $11.76 million (32.37% of the total) liquidated. Among this, long positions accounted for $6.54 million, or 55.63%.
Bybit was the second-highest exchange with liquidations, with $11.53 million (31.76%) of positions liquidated, of which short positions were $6.02 million (52.2%).
OKX saw approximately $6.34 million (17.45%) in liquidations, with long positions at 71.63%.
Notably, Gate.io and HTX showed higher liquidation rates for short positions at 60.73% and 61.49%, respectively, compared to long positions.
By coin, Bitcoin (BTC) had the most liquidated positions. Approximately $84.99 million in Bitcoin positions were liquidated over 24 hours, with $3.72 million in long positions and $0.95 million in short positions liquidated over 4 hours.
Ethereum (ETH) saw about $40.52 million in positions liquidated over 24 hours, with $4.49 million in long positions and $5.05 million in short positions liquidated over 4 hours.
Solana (SOL) had approximately $9.90 million liquidated over 24 hours, and its price dropped by 2.60% during this period.
Notably, the Trump Token (TRUMP) experienced $9.27 million in liquidations alongside a significant 20.89% price increase over 24 hours, with short position liquidations ($2.47 million) more than double the long position liquidations ($1.15 million) over 4 hours.
The SUI Token dropped by 2.93% over 24 hours, with $11.79 million in liquidations, while Doge (DOGE) rose by 1.47% and had $7.43 million in positions liquidated.
Interestingly, the FARTCO Token saw $2.73 million in liquidations with a 6.99% price drop, and the 1000PEI Token experienced $4.20 million in liquidations despite a 6.33% price increase.
In the cryptocurrency market, 'liquidation' refers to the forced closure of a leverage position when a trader fails to meet margin requirements. With Bitcoin's price recently surpassing $90,000, price volatility has increased, resulting in larger liquidation scales.
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