Cryptocurrency Market, More Than 80% of Short Positions Liquidated… Clear Uptrend Signals

In the past 24 hours, a large-scale position liquidation occurred in the cryptocurrency market, with short positions being particularly prominent.

According to the currently aggregated data, short positions have overwhelmingly dominated the liquidated positions over the past 4 hours. The short position liquidation rate across all exchanges has exceeded 80%, indicating a bullish signal.

Over the past 4 hours, Bybit experienced the most position liquidations, with a total of $46.76 million (39.01%) liquidated. Among these, short positions accounted for $44.39 million, representing 94.93% and showing the highest short liquidation rate.

Binance was the second exchange with the most liquidations, with $26.56 million (22.16%) of positions liquidated, of which short positions comprised $21.32 million (80.27%).

OKX saw approximately $15.83 million (13.2%) in liquidations, with a short position ratio of 84.19%. On Hyperliquid exchange, almost 100% of the $6.12 million liquidation was short position liquidation.

By coin, Bitcoin (BTC) related positions were liquidated the most. Approximately $129.48 million in Bitcoin positions were liquidated in 24 hours, with $123.20 million being short positions. Within 4 hours, up to $57.19 million in short liquidations occurred.

Bitcoin's price is currently $113,351, rising 2.42% in the past 24 hours.

Ethereum (ETH) saw about $73.24 million in positions liquidated in 24 hours, with $55.65 million being short positions. Within 4 hours, $15.70 million in short liquidations were recorded. Ethereum's price is $2,816.56, up 2.91%.

Solana (SOL) had approximately $11.62 million liquidated in 24 hours, with its price rising to $160.31, a 2.78% increase.

A particularly notable altcoin is SUI, which saw a 12.93% surge and $6.03 million in short position liquidations over 24 hours. Additionally, meme coins like FARTCO, 1000PEI, and WIF experienced significant short position liquidations alongside price increases of 11.00%, 7.21%, and 9.22% respectively.

Doge also saw $2.83 million in short position liquidations over 24 hours, accompanied by a 2.79% price increase.

This large-scale short position liquidation suggests that the overall cryptocurrency market's upward trend may continue in the short term. Particularly, the price increases of major coins have caused substantial losses to short position investors.

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