In the past 24 hours, a significant number of leveraged positions were liquidated in the cryptocurrency market.
According to the current aggregated data, long positions account for the majority of liquidated positions, with a total of $32.22 million (approximately 47 billion won) in liquidations across multiple exchanges over a 4-hour period.
Binance experienced the most position liquidations over the past 4 hours, with a total of $12.29 million (38.14% of the total) liquidated. Among these, long positions accounted for $11.21 million, or 91.16%.
Bybit was the second-highest exchange with $10.85 million (33.67%) in liquidated positions, of which long positions comprised $9.50 million (87.52%).
OKX saw approximately $4.52 million (14.02%) in liquidations, with long positions at 91.14%. Gate experienced $3.13 million (9.71%) in liquidations, with a very high long position ratio of 92.65%.
By coin, Ethereum (ETH) and Bitcoin (BTC) positions were liquidated the most. Over 24 hours, approximately $27.46 million in Ethereum positions were liquidated, while Bitcoin saw $26.81 million in liquidations.
Over a 4-hour period, $6.94 million in long positions and $106.37 thousand in short positions were liquidated for Ethereum. For Bitcoin, $3.54 million in long positions and $20.78 thousand in short positions were liquidated.
Solana (SOL) saw about $8.74 million in liquidations over 24 hours, with $4.02 million in long positions liquidated over 4 hours, experiencing significant pressure.
Doge (DOGE) also experienced $5.35 million in liquidations over 24 hours, with $1.16 million in long positions liquidated over 4 hours.
Notably, meme tokens like 1000PEPE recorded large liquidations of $4.34 million over 24 hours, with $924.52 thousand in long positions and $32.61 thousand in short positions liquidated over 4 hours.
The Trump (TRUMP) Token is also attracting market attention, with $126.04 thousand in long positions liquidated over 4 hours despite a 3.10% price increase. Over 24 hours, $316.22 thousand in long positions and $673.71 thousand in short positions were liquidated, showing pressure from both directions.
In the cryptocurrency market, 'liquidation' refers to the forced closure of a leveraged position when a trader fails to meet margin requirements. This large-scale liquidation can be seen as an indicator of increased volatility in the recent cryptocurrency market, with liquidations focused on long positions suggesting that market participants' optimistic outlook is being adjusted.
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