In the past 24 hours, approximately $329.74 million (about 481.4 billion won) worth of leveraged positions were liquidated in the cryptocurrency market.
According to the currently compiled data, long positions accounted for $249.39 million, representing 75.6% of the total liquidations, while short positions were $80.35 million, accounting for 24.4%.
Bybit had the highest position liquidations in the past 4 hours, with a total of $20.07 million (33.61% of the total) liquidated. Notably, short position liquidations on Bybit were $12.86 million, higher than long position liquidations ($7.21 million).
Binance was the second-highest exchange, with $19.23 million (32.21%) of positions liquidated, where short position liquidations ($11.87 million) were also higher than long position liquidations ($7.36 million).
Gate exchange saw about $6.71 million (11.23%) in liquidations, with long position liquidations at 59.07%. OKX experienced around $5.04 million (8.45%) in liquidations, with short position liquidations at 64.09%.
Hyperliquid exchange observed the most extreme short position-focused liquidations, with 96.24% ($3.67 million) of the total $3.81 million being short position liquidations.
By coin, Ethereum (ETH) recorded the highest position liquidations. Approximately $249.39 million in Ethereum positions were liquidated in 24 hours, with $15.23 million in long positions and $2.57 million in short positions liquidated within 4 hours.
Bitcoin (BTC) had about $49.87 million in positions liquidated in 24 hours, with short position liquidations at $20.35 million, overwhelmingly higher than long position liquidations ($0.2 million) within 4 hours. This appears related to Bitcoin's recent price rise to $118,474 (+1.61%).
Solana (SOL) had about $11 million liquidated in 24 hours, while among other major altcoins, XRP ($12.69 million) and DOGE ($10.19 million) saw significant liquidations.
Notably, Dogecoin (DOGE) showed a relatively balanced liquidation pattern with $0.41 million in long positions and $0.37 million in short positions over 4 hours, with its price at $0.24249 (+0.71%).
Among altcoins, meme coins like FARTCO (-4.16%), 1000PEI (+2.28%), and PEPE (+2.28%) also experienced substantial liquidations, while ADA (+3.07%) and LINK (+4.55%) saw prominent short position liquidations alongside price increases.
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 a trend of relatively high short position liquidations as the cryptocurrency market shows an overall upward movement.
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