In the past 24 hours, approximately $181.91 million (about 266 billion won) worth of leverage positions were liquidated in the cryptocurrency market.
According to the currently compiled data, long positions accounted for $139.05 million, representing 76.4% of the total liquidations, while short positions were $42.86 million, accounting for 23.6%.
Binance experienced the highest liquidation in the past 4 hours, with a total of $15.27 million (29.84% of the total) liquidated. Among this, long positions accounted for $11.82 million, or 77.39%.
Bybit was the second-highest in liquidations, with $13.21 million (25.82%) of positions liquidated, of which long positions were $11.71 million (88.64%).
Gate saw approximately $10.48 million (20.48%) in liquidations, with a very high long position ratio of 89.86%.
Hyperliquid showed a remarkable characteristic with long position liquidations at 99.59%, indicating that almost all liquidations occurred in long positions.
By coin, Ethereum (ETH) recorded the highest liquidation volume. Approximately $66.51 million in Ethereum positions were liquidated in 24 hours, with $27.68 million in long positions and $38.83 million in short positions. In the 4-hour timeframe, $4.74 million in long positions and $2.71 million in short positions were liquidated.
Bitcoin (BTC) saw approximately $47.30 million in positions liquidated in 24 hours, with $12.38 million in long positions and $0.56 million in short positions liquidated in the 4-hour timeframe.
Solana (SOL) had about $11.09 million liquidated in 24 hours, with a particularly significant $4.86 million in long position liquidations in the recent 4 hours, indicating substantial pressure.
Dogecoin (DOGE) experienced about $5.90 million in liquidations along with a 2.18% price drop.
A notably interesting coin was FARTCO, which saw a significant 8.51% price drop and $3.66 million in long position liquidations in just the recent 4 hours. The WIF Token also saw substantial liquidations with a 6% decline.
Meme tokens like PEPE and 100BOI also experienced significant liquidations, with 100BOI particularly notable for balanced liquidations across both long and short positions.
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 increased volatility in the recent cryptocurrency market.
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