In the past 24 hours, approximately $158.18 million (about 23 billion won) worth of leverage positions were liquidated in the cryptocurrency market.
According to the currently compiled data, long positions accounted for $123.35 million, representing 82.35% of the total liquidations, while short positions were $34.83 million, accounting for 17.65%.
Binance had the highest liquidation in the past 4 hours, with a total of $8.83 million (37.81% of the total) liquidated. Among this, long positions accounted for $6.88 million, or 77.91%.
Bybit was the second-highest in liquidations, with $6.97 million (29.85%) of positions liquidated, of which long positions were $6.10 million (87.6%).
OKX experienced about $3.20 million (13.69%) in liquidations, with long positions at 79.01%.
HTX and Gate exchanges also saw liquidations of $2.19 million (9.38%) and $1.86 million (7.96%) respectively, with HTX showing a particularly high long position liquidation rate of 92.67%.
By coin, Ethereum (ETH) recorded the highest liquidations. Approximately $77.82 million in Ethereum positions were liquidated in 24 hours, with about $7.29 million liquidated in 4 hours. Ethereum is currently priced at $2,646.33, rising 3.44% in the past 24 hours.
Bitcoin (BTC) had about $52.26 million in positions liquidated in 24 hours, with approximately $3.13 million liquidated in 4 hours. Bitcoin's price is currently $108,925, slightly up 0.03% in 24 hours.
Solana (SOL) saw about $5.83 million liquidated in 24 hours, with approximately $1.25 million liquidated in 4 hours. Solana's price is $174.81, up 1.01%.
Dogecoin (DOGE) experienced about $5.64 million in liquidations in 24 hours, with a large-scale liquidation of about $9.96 million in 4 hours. Dogecoin is currently priced at $0.22473, up 0.55%.
Notably, the meme coin '1000PEI' had about $5.36 million in liquidations in 24 hours, with a large-scale liquidation of about $7.98 million in 4 hours. Its current price is $0.0139069, up 1.38%.
The 'HYPE' Token also saw significant liquidations with a price drop of -4.33%, and the 'FARTCO' Token experienced liquidations with a price decline of -1.87%.
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 the ongoing volatility in the cryptocurrency market.
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