In the past 24 hours, a large-scale leverage position liquidation occurred in the cryptocurrency market.
According to the current aggregated data, positions worth approximately $23.11 million (about 3.31 billion won) were liquidated over 4 hours, with long positions accounting for $19.43 million or 84.05% of the total, and short positions at $3.69 million or 15.95%.
Over the past 4 hours, Binance had the most position liquidations, with a total of $9.07 million (39.24% of the total) liquidated. Among this, long positions accounted for $7.72 million or 85.13%.
The second-highest liquidations occurred on Bybit, with $5.96 million (25.79%) of positions liquidated, of which long positions comprised $4.50 million (75.42%).
OKX saw approximately $4.11 million (17.8%) in liquidations, with a high long position ratio of 88.23%. HTX recorded the highest long position liquidation ratio at 93.74%.
By coin, Ethereum (ETH) recorded the most liquidations. Approximately $39.62 million in Ethereum positions were liquidated over 24 hours, with about $6.51 million in long positions and $0.59 million in short positions liquidated over 4 hours. Ethereum is currently trading at $2,490.87, down about 1.20%.
Bitcoin (BTC) had approximately $32.01 million in positions liquidated over 24 hours, with $3.91 million in long positions and $0.26 million in short positions liquidated over 4 hours. Bitcoin is currently trading at $104,706.9, showing a slight increase (+0.11%) over 24 hours.
Solana (SOL) saw approximately $9.73 million liquidated over 24 hours, with $0.79 million in long positions and $0.20 million in short positions liquidated over 4 hours.
Doge (DOGE) experienced about $4.26 million in liquidations over 24 hours, with $0.88 million in long positions and $34,000 in short positions liquidated over 4 hours. Doge is currently trading at $0.19023, down 0.75%.
Notably, the 1000PEI Token saw $380,000 in long positions liquidated over 4 hours, with a large-scale liquidation of $3.18 million over 24 hours. The token is currently trading at $0.0115146, down 1.63%.
The TRUMP Token also showed notable movement, with approximately $630,000 in liquidations over 24 hours, currently trading at $11.176, down 0.84%.
These liquidation movements in the cryptocurrency market reflect the recent market volatility, particularly highlighting the risks of leverage positions based on price fluctuations of major cryptocurrencies centered around Ethereum and Bitcoin.
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