In the past 24 hours, a significant number of leveraged positions were liquidated in the cryptocurrency market.
According to current aggregated data, positions worth approximately $14.57 million were liquidated across major exchanges over 4 hours, excluding Bitfinex. Long positions accounted for the majority at most exchanges.
Bybit saw the highest liquidations, with a total of $5.61 million (38.55%) liquidated. Long positions accounted for $3.71 million, or 66.05%.
Binance was the second-highest exchange, with $4.79 million (32.91%) liquidated, of which long positions were $3.29 million (68.58%).
OKX experienced approximately $2.52 million (17.27%) in liquidations, with long positions at 54.08%.
Notably, CoinEx showed a short position liquidation rate of 54.65%, higher than long positions. In contrast, BitMEX liquidated 100% long positions.
By coin, Bitcoin (BTC) recorded the highest liquidations. Over 24 hours, approximately $25.14 million in positions were liquidated, with about $8.30 million (long $520,000, short $7.77 million) in 4 hours.
Ethereum (ETH) saw approximately $22.90 million in positions liquidated over 24 hours, with about $11.21 million (long $1.06 million, short $10.15 million) in 4 hours.
The SUI Token was liquidated for $6.57 million in 24 hours, with a significant $5.41 million (long $370,000, short $5.04 million) in 4 hours. Its current price is down 1.09%.
The TRUMP Token also saw notable liquidations. With a significant 6.61% price drop, $4.69 million was liquidated in 24 hours, with approximately $3.92 million (long $40,000, short $3.88 million) in 4 hours.
Solana (SOL) had about $3.45 million liquidated in 24 hours, with approximately $2.32 million in 4 hours. SOL's current price is up 1.08% at $148.49.
In the cryptocurrency market, 'liquidation' refers to the forced closure of a leveraged position when a trader fails to meet margin requirements. This liquidation data serves as an indicator of recent market volatility, suggesting significant position adjustments not only in major coins like BTC and ETH but also in altcoins such as SUI and TRUMP.
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