Over the past 24 hours, there has been active liquidation of leveraged positions in the cryptocurrency market.
According to the current aggregated data, positions totaling $11.18 million were liquidated in the past 4 hours, with Binance experiencing the highest liquidation of $3.64 million (32.56% of the total).
On Binance, a total of $3.64 million in positions were liquidated, with short positions at $2.05 million notably higher than long positions ($1.59 million). Short position liquidations accounted for 56.43%.
OKX saw liquidations of $2.56 million (22.89%), with long position liquidations dominating at 68.89%. Bybit experienced $2.45 million (21.88%) in liquidations, with long and short positions almost equally liquidated at 50.38% and 49.62% respectively.
HTX had liquidations of $1.53 million (13.72%), with short position liquidations overwhelmingly high at 94.43%. Gate also saw 65.23% of its $962,150 liquidations in short positions.
By coin, Bitcoin (BTC) recorded the highest liquidation amount. Approximately $17.87 million in Bitcoin-related positions were liquidated in 24 hours, with $2.26 million liquidated in 4 hours. Notably, Bitcoin's short position liquidations ($2.23 million) were significantly higher than long position liquidations ($30,360) in the recent 4 hours. This suggests that short position investors suffered significant losses as Bitcoin's price rose to the $105,000 level (+1.29%).
Ethereum (ETH) saw about $15.59 million in positions liquidated in 24 hours, with $2.41 million liquidated in 4 hours. With Ethereum's price increase (+0.87%), long position liquidations ($1.65 million) were also higher than short position liquidations ($758,540).
Solana (SOL) experienced about $3.79 million in liquidations over 24 hours, and Doge (DOGE) saw around $3.93 million in liquidations despite a price increase (+2.49%).
Notably, altcoins like MASK, HUMA, and ANIME recorded high liquidation amounts of $4.56 million, $4.28 million, and $3.96 million respectively. The Trump-related token (TRUMP) also saw about $682,850 in liquidations over 24 hours, even as its price rose by +2.29%.
Meme coins like FARTCO, Pepe, and 1000PEI also experienced significant liquidations, with the ENA token seeing $837,260 in liquidations over 24 hours alongside a substantial 9.14% price increase.
This liquidation data once again reminds investors of the importance of managing leveraged positions, even amid the recent cryptocurrency market's upward trend. The prominent short position liquidations in some exchanges suggest the possibility of a continuing bullish market momentum.
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