In the past 24 hours, approximately $80 million (about 116.8 billion won) worth of leverage positions were liquidated in the cryptocurrency market.
According to the currently aggregated data, Bitcoin and Ethereum recorded the largest liquidation scales, with some altcoins also experiencing significant liquidations.
Over the past 4 hours, Binance had the most position liquidations, with a total of $5.19 million (46.39% of the total) liquidated. Among this, long positions accounted for $3.25 million, or 62.5%.
Bybit was the second-highest exchange with liquidations, with $2.72 million (24.31%) of positions liquidated, of which long positions comprised $2.03 million (74.51%).
OKX saw approximately $2.46 million (22%) in liquidations, with long position ratio relatively balanced at 51.52%.
Among smaller exchanges, Gate.io had about $527,000 (4.71%) in liquidations, and HTX had $218,000 (1.95%), with HTX showing a particularly high long position liquidation rate of 91.04%.
By coin, Bitcoin (BTC) positions were liquidated the most. Approximately $35.71 million in Bitcoin positions were liquidated in 24 hours, with $1.65 million in long positions and about $9,380 in short positions liquidated over 4 hours.
Ethereum (ETH) had about $28.33 million in positions liquidated over 24 hours, with relatively balanced liquidation rates of $1.01 million in long positions and $964,000 in short positions over 4 hours.
Solana (SOL) saw about $4.84 million liquidated in 24 hours, with approximately $270,000 in liquidations over 4 hours, accompanied by a 1.38% price drop.
Notably, the SUI Token experienced a large-scale liquidation of about $4.75 million over 24 hours, with a 1.14% price drop. Over 4 hours, $480,000 in long positions and $600,000 in short positions were liquidated.
Despite a 4.51% price increase, the TRUMP Token saw about $1.47 million in liquidations over 24 hours, with short position liquidations ($910,000) larger than long position liquidations ($550,000).
Meme coin FARTCO experienced about $1.4 million in liquidations over 24 hours with a 4.29% price drop, and PEPE also recorded substantial liquidations of $1.34 million with a 2.61% decline.
In the cryptocurrency market, 'liquidation' refers to the forced closure of a leverage position when a trader fails to meet margin requirements. With Bitcoin currently trading around $96,000, increased volatility in the altcoin market has led to liquidations across various coins.
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