Cryptocurrency Market, 152.6 billion won in leveraged positions liquidated in 24 hours… Short ratio 58.7%

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In the past 24 hours, approximately $104.51M (about 152.6 billion won) worth of leveraged positions were liquidated in the cryptocurrency market.

According to the currently compiled data, long positions accounted for $43.12M, representing 41.3% of the total liquidations, while short positions were $61.39M, accounting for 58.7%.

4시간 거래소 별 청산 데이터 / 코인글래스
4-Hour Exchange Liquidation Data / CoinGlass

Binance experienced the most liquidations over the past 4 hours, with a total of $6.29M (34.42% of the total) liquidated. Among these, long positions accounted for $4.32M, or 68.58%.

Bybit was the second-highest in liquidations, with $6.01M (32.87%) of positions liquidated, of which long positions comprised $4.42M (73.61%).

OKX saw approximately $2.25M (12.29%) in liquidations, with long positions at 69.16%.

Overall, in the 4-hour liquidation data, most exchanges saw more long position liquidations, but BitMEX was an exception, with short position liquidations at 59.38%.

암호화폐 청산 데이터 / 코인글래스
Cryptocurrency Liquidation Data / CoinGlass

By coin, Bitcoin (BTC) had the most liquidated positions. Approximately $43.12M in Bitcoin positions were liquidated in 24 hours, and despite the price rising to $109,595.6, a 1.82% increase in 24 hours, $1.82M was liquidated from long positions and $805.45K from short positions in the 4-hour timeframe.

Ethereum (ETH) had about $41.59M in positions liquidated in 24 hours, with the current price at $2,566.64, up 1.74%. In the 4-hour timeframe, $2.34M was liquidated from long positions and $2.19M from short positions.

Solana (SOL) saw approximately $5.71M liquidated in 24 hours, and among other major altcoins, Doge (DOGE) recorded $4.95M in liquidations, which is related to DOGE's 3.14% price increase in 24 hours.

Notably, 1000PEPE Token experienced a large liquidation of $5.04M alongside a significant 6.69% price increase. Additionally, PEPE saw $3.54M in liquidations with a 6.67% price rise.

The TRUMP Token had about $1.45M in positions liquidated in 24 hours while its price increased by 1.59%, and the WIF Token, in particular, recorded a massive $3.22M liquidation with a high 7.06% price increase.

In the cryptocurrency market, 'liquidation' refers to the forced closure of a leveraged position when a trader fails to meet margin requirements. The current market shows substantial liquidations despite price increases, indicating continued volatility.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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