In the past 24 hours, a significant number of leverage positions were liquidated in the cryptocurrency market.
According to the currently aggregated data, most of the liquidated positions were long positions. The most active liquidations occurred on Bybit and Binance.
Over the past 4 hours, Bybit had the highest position liquidations, with approximately $12.76 million (36.88%) liquidated. Among these, long positions accounted for $9.17 million, or 71.82%.
Binance was the second-highest, with $12.million ( 34%) positions of which long positions were $7.18 million (59.43%).
OKX saw about $5.65 million (16.32%) in liquidations, with long positions at 57.19%. Gate.io and HTX also experienced liquidations of $2.61 million and $1.04 million, respectively.
Notably, while BitMEX had relatively low liquidations, volumes, long position liquidliquidation rate was extremely high at at 97.93%.

By coin, Bitcoin (BTC) recorded the highest liquidation volume. Approximately $42.20 million in Bitcoin-related positions were liquidated in 24with $23.38 million from long positions and $18.81 million from short positions in the 4-hour timeframe.
Ethereum (ETH) saw about $38.61 million in liquidated positions, with $24.86 86 million from $$13.75 .75 million positions in short positions in the 4-hour timeframe.
A notable altcoin was SUI. SUI experienced $12.93 million in liquidations and a 9.83% priceinincrease, with short position liquidations8.04 edingations) million exceeding long position liquidations ($490 million p The political token TRUMP token saw a sharp drop of 11. decline and $9.30 million in liquidations over 24 hours. In the 4-hou-4-, $5.86 million was liquidated from from long positions and $3.44 .44 short.
Other tokens like ZEREBRO and and MEMEFI also recorded significant liquidation volumes of $23.96and $12.07 million respectively.
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