In the past 24 hours, approximately $672.39 million (about 98.3 billion won) worth of leveraged positions were liquidated in the cryptocurrency market.
According to the currently compiled data, long positions among the liquidated positions accounted for $87.84 million, which is 13.1% of the total, while short positions recorded $584.55 million, representing 86.9%.
Binance had the most position liquidations over the past 4 hours, with a total of $19.89 million (42.05%) liquidated. Among this, long positions accounted for $10.48 million, or 52.69%.
Bybit was the second-highest exchange for liquidations, with $11.05 million (23.36%) of positions liquidated, of which short positions were $6.54 million, representing 59.18%.
Gate.io saw approximately $6.44 million (13.62%) in liquidations, with a high short position ratio of 67.42%.
OKX experienced about $6.40 million (13.52%) in liquidations, with the short position liquidation ratio slightly higher at 51.22%.
Notably, BitMEX showed an overwhelmingly high long position liquidation rate of 95.42%.
By coin, Bitcoin (BTC) had the most liquidated positions. Approximately $341.27 million in Bitcoin positions were liquidated over 24 hours, with about $3.35 million liquidated in the 4-hour timeframe. The current Bitcoin price is $102,810, up 3.95% over 24 hours.
Ethereum (ETH) saw approximately $283.60 million in positions liquidated over 24 hours, with about $21.54 million liquidated in the 4-hour timeframe. Ethereum is currently at $2,213, showing a strong 16.94% increase over 24 hours.
Solana (SOL) had about $25.64 million liquidated over 24 hours, with a 7.37% price increase and active short position liquidations.
Dogecoin (DOGE) experienced $12.10 million in liquidations over 24 hours with an 8.02% price increase, with significantly more short position liquidations than long positions.
Particularly, the Trump-related Token TRUMP saw $6.36 million in liquidations over 24 hours with a strong 14.87% price increase, with short position liquidations more than twice that of long positions.
Meme Tokens like PEPE and 1000PEI also showed explosive price increases of 25.95% and 25.92% respectively, triggering large-scale short position liquidations.
In the cryptocurrency market, 'liquidation' refers to the forced closure of a leveraged position when a trader fails to meet margin requirements. This time, short position liquidations were overwhelmingly high due to market increases, reflecting the recent strong upward momentum in the cryptocurrency market.
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