In the past 24 hours, approximately $164.47 million (about 24 billion won) worth of leverage positions were liquidated in the cryptocurrency market.
According to the currently compiled data, long positions accounted for $99.57 million, representing 60.5% of the total liquidated positions, while short positions were $64.90 million, accounting for 39.5%.
Binance experienced the most position liquidations in the past 4 hours, with a total of $7.81 million (43.03%) liquidated. Among this, long positions accounted for $6.13 million, or 78.54%.
Bybit was the second-highest exchange with liquidations, with $4.59 million (25.32%) of positions liquidated, of which long positions comprised $3.69 million (80.37%).
OKX saw approximately $2.63 million (14.5%) in liquidations, with long positions at 79.75%. Gate.io had $1.74 million (9.57%), and HTX had $1.02 million (5.63%) in liquidations.
Notably, BitMEX experienced $14,000 in liquidations, all of which were long positions.
Bitcoin (BTC) had the most liquidated positions. Approximately $89.23 million in Bitcoin positions were liquidated in 24 hours, with $2.95 million in long positions and $274,000 in short positions liquidated in 4 hours.
Ethereum (ETH) saw about $40.12 million in positions liquidated in 24 hours, with $3.53 million in long positions and $595,000 in short positions liquidated in 4 hours.
Solana (SOL) had approximately $9.41 million liquidated in 24 hours, while Sui showed a recent 6.04% increase and experienced $5.21 million in liquidations over 24 hours.
Doge, showing a 4.24% price increase, had about $3.13 million in liquidations over 24 hours.
Notably, the TRUMP Token saw a slight decline (-0.44%) with approximately $2.41 million in liquidations over 24 hours, and FARTCO experienced substantial liquidations of $3.07 million despite a slight increase of 0.75%.
Additionally, the 1000PEI Token declined by 1.65% with over $1.10 million in liquidations over 24 hours, with long and short positions liquidated at similar rates.
In the cryptocurrency market, 'liquidation' refers to the forced closure of a leverage position when a trader fails to meet margin requirements. The current market is generally showing an upward trend, with Bitcoin rising 1.99%, Ethereum 2.59%, and Litecoin (LTC) recording a high increase of 7.33%.
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