In the past 24 hours, approximately $189.79 million (about 250 billion won) worth of leverage positions were liquidated in the cryptocurrency market.
According to the currently compiled data, long positions accounted for over 107% of the liquidated positions.
Binance experienced the most position liquidations in the past 4 hours, with a total of $11.49 million (33.24% of the total) liquidated. Among these, long positions accounted for $9 million, or 78.36%.
Bybit was the second-highest exchange for liquidations, with $9.11 million (26.34%) of positions liquidated, of which long positions were $7.9 million (86.81%).
OKX saw approximately $8.38 million (24.25%) in liquidations, with long positions at 82.37%.
Overall, approximately $34.57 million in liquidations occurred across all exchanges, with 82.55% being long positions.
By coin, BTC-related positions were liquidated the most. Approximately $122.2 million in BTC positions were liquidated in 24 hours, with about $7.09 million liquidated in 4 hours. The current BTC price is $107,070.8, down 0.61% in 24 hours.
ETH saw approximately $52.11 million in positions liquidated in 24 hours, with about $13.69 million liquidated in 4 hours. ETH price is $2,425.35, down 0.78%.
SOL liquidated approximately $14.01 million in 24 hours, with about $2.91 million liquidated in 4 hours. SOL price is $142.71, down 0.13%.
Doge experienced about $1.12 million in liquidations over 4 hours and approximately $3.94 million in 24 hours, with a price drop of 1.04%.
Notably, SUI saw significant liquidations despite a 3.04% price increase, and meme coins like FARTCO and 1000PEI also experienced substantial liquidations. The HYPE Token, in particular, saw significant liquidations alongside a 2.89% price drop.
Additionally, BCH (Bitcoin Cash) had approximately $980,000 in positions liquidated in 24 hours, despite a 2.59% price increase.
In the cryptocurrency market, 'liquidation' refers to the forced closure of a leverage position when a trader fails to meet margin requirements. This liquidation data can be seen as an indicator of continued volatility in the cryptocurrency market.
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