Over the past 24 hours, massive position liquidations occurred in the cryptocurrency market, with the most significant liquidations happening in Ethereum (ETH) and Bitcoin (BTC) positions.
According to current aggregated data, approximately $58.26 million in liquidations occurred in Ethereum positions, and about $55.50 million in Bitcoin positions. Additionally, $10.64 million in MASK Token positions and $6.89 million in Solana (SOL) were liquidated.
Over the past 4 hours, Binance experienced the most position liquidations, with a total of $12.85 million (39.9%) liquidated. Among these, long positions accounted for $10.26 million, representing 79.84%.
Bybit was the second-highest exchange for liquidations, with $9.77 million (30.35%) of positions liquidated, of which long positions comprised $6.47 million (66.2%).
OKX saw approximately $5.63 million (17.47%) in liquidations, with long positions at 80.13%. Gate and HTX also experienced liquidations of $2.40 million and $1.06 million, respectively.
Looking at individual coins, Bitcoin (BTC) is currently trading at around $104,400, up 3.95% in 24 hours. Over 4 hours, $3.29 million in long positions and $0.55 million in short positions were liquidated.
Ethereum (ETH) is trading at $2,497, up 4.16%, with $3.60 million in long positions and $1.06 million in short positions liquidated over 4 hours.
Notably, the TRUMP Token rose 6.52%, with significant liquidations in short positions. Over 4 hours, $1.64 million in TRUMP Token short positions were liquidated, far exceeding long position liquidations of $0.35 million.
Solana (SOL) is trading at $149, up 5.23%, with $1.54 million in long positions and $0.045 million in short positions liquidated over 4 hours.
Meanwhile, the meme coin Doge (DOGE) is trading at $0.179, up 6.26%, with $0.27 million in long positions and $0.12 million in short positions liquidated over 4 hours.
Notably, the FARTCO Token was the only one showing a price decline (-2.22%), with $0.83 million in long positions liquidated over 4 hours, and a total of $500 million in positions liquidated over 24 hours.
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 indicates increased volatility in the cryptocurrency market.
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