In the past 24 hours, approximately $80 million (about 11.7 billion won) worth of leveraged positions were liquidated in the cryptocurrency market.
According to the currently collected data, the most liquidations occurred on Bybit, with long positions still being predominant.
Bybit had the most position liquidations in the past 4 hours, with a total of $10.07 million (41.82% of the total) liquidated. Among these, long positions accounted for $5.43 million, or 53.91%.
Binance was the second-highest exchange with liquidations, with $7.29 million (30.29%) of positions liquidated, of which long positions were $4.87 million (66.76%).
OKX saw approximately $3.49 million (14.49%) in liquidations, with long positions at 71.63%.
Notably, all positions liquidated on BitMEX were long positions, and no liquidations occurred on Bitfinex during this period.
By coin, Ethereum (ETH) recorded the most liquidations. Approximately $45.76 million in Ethereum positions were liquidated in 24 hours, with $4.84 million in long positions and $1.70 million in short positions liquidated in 4 hours.
Bitcoin (BTC) had about $26.58 million in positions liquidated in 24 hours, with $3.04 million in long positions and $2.76 million in short positions liquidated in 4 hours. Bitcoin's price is currently $10,487, up 0.15% in 24 hours.
Solana (SOL) had approximately $10.90 million liquidated in 24 hours, with its price falling 1.09% to $155.57.
Dogecoin (DOGE) saw $5.11 million in liquidations and dropped 1.72% to $0.19105, with $534,340 in long positions and $15,100 in short positions liquidated in 4 hours.
Notably, FARTCO Token experienced significant liquidations despite a 4.39% price increase, and TRUMP Token recorded $573,570 in liquidations over 24 hours with a 0.23% decline.
Meme tokens like PEPE and 1000PEP also saw substantial liquidations of $1.83 million and $3.51 million, respectively.
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 shows that market volatility continues.
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