In the past 24 hours, approximately $150 million worth of leverage positions were liquidated in the cryptocurrency market.
According to the current aggregated data, short positions have been notably predominant among the liquidated positions in the recent 4 hours. This suggests that as the market showed a temporary upward trend, traders holding short positions were hit hard.
Over the past 4 hours, Binance had the most position liquidations, with a total of $10.6 million (44.69%) liquidated. Among this, short positions accounted for $6.9 million, representing 65.1%.
Bybit was the second-highest exchange with liquidations, with $6.3 million (26.57%) of positions liquidated, of which short positions were $4.23 million (67.2%).
OKX saw approximately $2.5 million (10.53%) in liquidations, with short positions accounting for 76.84%.
Particularly at HTX exchange, the short position liquidation ratio was overwhelmingly high at 92.63%.
By coin, Ethereum (ETH) had the most liquidated positions. Approximately $70.01 million in Ethereum positions were liquidated in 24 hours, with about $4.45 million liquidated in 4 hours. Notably, $3.67 million in Ethereum short positions were liquidated in 4 hours, far more than long positions ($780,000).
Bitcoin (BTC) had approximately $44.15 million in positions liquidated in 24 hours, with about $4.77 million liquidated in 4 hours. Bitcoin also saw significantly more short position liquidations ($4.71 million) compared to long positions ($57,000).
Solana (SOL) had about $9.09 million liquidated in 24 hours, followed by XRP ($6.5 million) and SAHARA ($6.24 million) among other major altcoins.
The SUI Token experienced a significant 5.58% price drop with approximately $2.27 million in liquidations in 24 hours, while meme tokens like FARTCO and 1000PEI also saw substantial liquidations with 3.19% price drops.
Dogecoin (DOGE) saw about $620,000 in liquidations over 4 hours with a 2.53% price drop, of which $5.87 million was in short positions.
The TRUMP Token saw approximately $800,000 in liquidations in 24 hours despite a slight price drop (-0.98%).
This liquidation data shows that as the cryptocurrency market unexpectedly reversed short-term trends, traders holding short positions suffered massive losses. This suggests that market volatility remains high, and traders need to be more cautious in managing leverage positions.
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