Cryptocurrency Market, $1.23736 Billion in Leveraged Positions Liquidated in 24 Hours… Short Positions Liquidated

In the past 24 hours, approximately $1.237 billion (about 1.8 trillion won) worth of leverage positions were liquidated in the cryptocurrency market. According to the currently compiled data, short positions were overwhelmingly dominant among the liquidated positions, and the overall market is showing an upward trend. Over the past 4 hours, Binance experienced the most position liquidations, with a total of $5.51 million liquidated. Notably, short positions accounted for $4.19 million, representing 76.02% of total liquidations. Bybit was the second exchange with the most liquidations, with $3.02 million in positions liquidated, of which short positions were $2.41 million, accounting for 79.84%. OKX saw approximately $2.46 million in liquidations, with short positions at 77.95%. Notably, at BitMEX, all liquidated positions were short positions, and at CoinEx, the short position liquidation ratio was very high at 90.37%. By coin, Bitcoin (BTC) had the most liquidated positions. Approximately $40.3 million in Bitcoin positions were liquidated in 24 hours, with about $1.49 million liquidated in 4 hours. Currently, Bitcoin is trading at $104,757, up 1.99% in 24 hours. Ethereum (ETH) saw about $35.52 million in positions liquidated in 24 hours, with approximately $1.58 million liquidated in 4 hours. Ethereum is currently trading at $2,487.5, up 1.21%. Solana (SOL) had about $6.61 million liquidated in 24 hours and is currently trading at $149.78, up 1.56%. Doge coin saw about $4.31 million in liquidations over 24 hours, with a price increase of 3.75%, and approximately $490,000 liquidated in 4 hours. Particularly, the Trump-related Token (TRUMP) showed a significant rise of 7.13%, with about $3 million in liquidations over 24 hours. In 4 hours, short position liquidations exceeded $190,000. Additionally, SUI coin saw a sharp increase of 8.73% with substantial short position liquidations (about $550,000 in 4 hours), while FARTCO Token dropped 4.45% with approximately $1.47 million in short positions liquidated in 4 hours. In the cryptocurrency market, 'liquidation' refers to the forced closure of a leverage position when a trader fails to meet margin requirements. Today's liquidation data shows significant losses for short position investors amid an overall market uptrend.