In the past 24 hours, approximately $131.8 million (about 192.6 billion won) worth of leveraged positions were liquidated in the cryptocurrency market.
According to the currently aggregated data, long positions accounted for $89 million, representing 67.57% of the total liquidations, while short positions were $42.8 million, accounting for 32.43%.
Over the past 4 hours, Bybit had the most position liquidations, with a total of $5.86 million (41.36% of the total) liquidated. Among these, long positions accounted for $4.62 million, or 78.83%.
Binance was the second-highest exchange with liquidations, with $5.13 million (36.19%) of positions liquidated, of which long positions were $2.79 million (54.44%).
OKX experienced approximately $1.7 million (11.97%) in liquidations, with a long position ratio of 65.33%.
Notably, on Hyperliquid, only long positions were liquidated, recording a 100% long position liquidation rate. The total liquidation amount over 4 hours was approximately $14.18 million.
By coin, Ethereum (ETH) recorded the most liquidations. Approximately $53.07 million in Ethereum positions were liquidated over 24 hours, with about $4.99 million (long $3.29 million, short $1.7 million) liquidated over 4 hours. Ethereum is currently trading at $2,488, down 4.21% in 24 hours.
Bitcoin (BTC) had approximately $49.92 million in positions liquidated over 24 hours, with $3.67 million (long $3.05 million, short $0.62 million) liquidated over 4 hours. Bitcoin is currently trading at $107,635, down 2.06%.
Solana (SOL) had about $11.55 million liquidated over 24 hours and is currently trading at $146.68, down 3.95%.
Dogecoin (DOGE) experienced $5.03 million in liquidations over 24 hours, accompanied by a significant price drop of 5.72%.
Notable altcoins include Uniswap (UNI), which showed a substantial price drop of 9.25% with significant liquidations, and the WIF Token, which saw a sharp decline of 9.68% with approximately $3.3 million in liquidations over 24 hours.
Meme tokens like FARTCO and 1000PEI also experienced significant liquidations with price drops of 6.98% and 5.39%, respectively.
In the cryptocurrency market, 'liquidation' refers to the forced closure of a leveraged position when a trader fails to meet margin requirements. This large-scale liquidation appears to be a result of the ongoing downward trend in the cryptocurrency market.
For real-time news...Go to TokenPost Telegram
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
