In the past 24 hours, approximately $300 million worth of leverage positions were liquidated in the cryptocurrency market.
According to the current aggregated data, short positions overwhelmingly dominated the liquidated positions in the recent 4 hours. On Binance, a total of $49.35 million was liquidated, with short positions accounting for $46.86 million, or 94.95%.
In the past 4 hours, Binance saw the most position liquidations, with a total of $49.35 million (34.67%) liquidated. Of this, short positions accounted for $46.86 million, or 94.95%.
The second-highest liquidations occurred on Bybit, with $48.73 million (34.23%) of positions liquidated, of which short positions comprised $45.92 million (94.23%).
OKX experienced approximately $18.73 million (13.16%) in liquidations, with short positions at 84.82%.
Interestingly, most exchanges showed short position liquidation rates above 84%, indicating that the recent market uptrend dealt a significant blow to short position traders.
By coin, Ethereum (ETH) and Bitcoin (BTC) had the most liquidated positions. Ethereum saw approximately $122.71 million in liquidations over 24 hours, while Bitcoin had $117.02 million liquidated.
Bitcoin (BTC) is currently at $103,779, up 4.31% in 24 hours, with about $47.10 million in short positions liquidated in the past 4 hours.
Ethereum (ETH) is at $2,349, up 7.45%, with $37.17 million in short positions liquidated over 4 hours.
Solana (SOL) had approximately $23.49 million liquidated in 24 hours and showed a significant 8.73% increase, dealing a substantial blow to short positions.
Notably, SUI showed a steep 14.39% increase, with $1.98 million in short positions liquidated over 4 hours.
Dogecoin (DOGE) also rose 7.43%, with $1.87 million in short positions liquidated over 4 hours.
Meme coins like FARTCO and 1000PEI also experienced massive short position liquidations with price increases of 11.21% and 9.80% respectively. FARTCO saw $2.16 million in short positions liquidated over 4 hours, while 1000PEI had $4.37 million.
The TRUMP Token rose 5.67%, with over $340,000 in short positions liquidated.
This large-scale short position liquidation indicates the continued strong uptrend in the cryptocurrency market, with the optimistic sentiment particularly reinforced after Bitcoin broke through $100,000.
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