In the cryptocurrency market over the past 24 hours, approximately $80 million (about 11.7 billion won) worth of leverage positions have been liquidated.
According to the currently aggregated data, long positions accounted for $50 million, representing 62.5% of the total liquidations, while short positions were $30 million, accounting for 37.5%.
Binance experienced the most position liquidations over the past 4 hours, with a total of $7.7 million (38.45%) liquidated. Among this, long positions accounted for $4.11 million, or 53.39%.
OKX was the second-highest exchange with liquidations, with $4.78 million (23.88%) of positions liquidated, of which long positions comprised $3.96 million (82.88%).
Bybit saw approximately $4.32 million (21.56%) in liquidations, with long positions at 67.23%.
Additionally, HTX experienced $1.75 million (8.74%) in liquidations, while Gate saw $1.30 million (6.49%).
Ethereum (ETH) had the most liquidated positions. Approximately $26.86 million in ETH positions were liquidated over 24 hours, with about $6.31 million liquidated in the past 4 hours. Notably, ETH has risen 1.56% in the last 24 hours to $2,544.
Bitcoin (BTC) saw about $17.10 million in positions liquidated over 24 hours, with approximately $2.88 million liquidated in the past 4 hours. Bitcoin is currently priced at $108,619, up 0.54% in the last 24 hours.
Of particular note is the 1000BONK Token, with $12.02 million in positions liquidated, especially impacting short positions as its price surged 22.19% in 24 hours. In the past 4 hours, $5.64 million in long positions and $8.64 million in short positions were liquidated.
Solana (SOL) had about $5.61 million liquidated over 24 hours, while Dogecoin (DOGE) saw approximately $5.42 million in liquidations and a 3.84% price increase in 24 hours.
XRP also experienced about $3.16 million in liquidations and has risen 2.72% to $2.2695 in the past 24 hours.
Meme tokens like WIF and PEPE also saw significant short position liquidations, with price increases of 5.84% and 3.89% respectively.
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 indicates a high proportion of short positions amid an overall market uptrend.
For real-time news...Go to TokenPost Telegram
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
