In the past 24 hours, approximately $896.68M worth of leveraged positions were liquidated in the cryptocurrency market.
According to the current data, long positions accounted for $801.55M, representing 89.39% of the total liquidations, while short positions were $95.13M, accounting for 10.61%.
Bybit had the highest liquidation amount in the past 4 hours, with a total of $66.61M (44.44%) liquidated. Among this, long positions were $56.88M, representing 85.39%.
Binance was the second-highest, with $27.03M (18.03%) of positions liquidated, of which long positions were $19.42M (71.84%).
Gate saw approximately $20.51M (13.68%) in liquidations, with a long position ratio of 87.72%. OKX experienced $20.22M (13.49%) in liquidations, with a long position ratio of 75.02%.
Notably, the total liquidation amount across all exchanges in the 4-hour period was $149.88M, with most exchanges showing long position liquidations above 70%.
By coin, Ethereum (ETH) and Bitcoin (BTC) had the most liquidated positions. Approximately $417.91M in Ethereum positions were liquidated in 24 hours, while Bitcoin saw $336.03M in liquidations.
Bitcoin (BTC) is currently at $9,943.1, down 3.15% in 24 hours, with $24.13M in long positions and $9.37M in short positions liquidated in 4 hours.
Ethereum (ETH) is currently at $2,186.93, experiencing a significant 8.97% drop in 24 hours, with $52.90M in long positions and $9.31M in short positions liquidated in 4 hours.
Solana (SOL) had about $47.53M liquidated in 24 hours, with its current price at $129.58, down 6.35%. Among other major altcoins, XRP recorded high liquidation amounts at $37.68M.
Notable individual coins include Uniswap (UNI), which saw an 11.07% sharp price drop in 24 hours, with $1.01M in long positions liquidated in 4 hours. Pepe also experienced a significant drop of 9.93%.
Interestingly, HYPE was the only coin that rose by 6.63%, with short position liquidations ($588.30K) exceeding long position liquidations ($118.32K). Similarly, FARTCO rose by 5.11% with more short position liquidations.
The TRUMP Token dropped by 6.15%, with $569.12K in long positions and $68.61K in short positions liquidated, totaling $3.79M in liquidations over 24 hours.
This large-scale liquidation occurred across the cryptocurrency market, centered on Ethereum and Bitcoin, showing a continued overall market weakness with most coins dropping by more than 5%.
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