Over the past 24 hours, approximately $250 million (about 365 billion won) worth of leverage positions were liquidated in the cryptocurrency market.
According to the currently aggregated data, short positions were overwhelmingly dominant among the liquidated positions, indicating that short position liquidations were concentrated due to recent price surges in the rising market.
Over the past 4 hours, Bybit had the most position liquidations, with a total of $41.09 million (30.78% of the total) liquidated. Among these, short positions accounted for $39.68 million, or 96.57%.
Binance was the second-highest in liquidations, with $40.92 million (30.65%) of positions liquidated, of which short positions comprised $36.97 million (90.36%).
OKX saw approximately $19.55 million (14.65%) in liquidations, with a short position ratio of 94.47%.
Notably, BitMEX saw nearly 100% short position liquidations, and most exchanges observed extreme liquidation patterns with short position liquidation rates exceeding 90%.
By coin, Bitcoin (BTC) had the most liquidated positions. Approximately $113.45 million in Bitcoin positions were liquidated over 24 hours, with up to $82.76 million liquidated in 4 hours. Particularly, Bitcoin has surpassed $122,000 and rose 3.02% in the past 24 hours.
Ethereum (ETH) saw about $97.94 million in positions liquidated over 24 hours, with up to $76.54 million liquidated in 4 hours. Ethereum is currently trading at $4,314 and has risen 1.55% in the past 24 hours.
Solana (SOL) had approximately $11.44 million liquidated over 24 hours, and among other major altcoins, XRP ($15.92 million) and SOON ($11.07 million) saw the most liquidations.
Doge (DOGE) experienced up to $7.84 million in liquidations with a slight price drop (-1.38%), with $7.84 million concentrated in 4 hours.
Particularly, the ENA Token saw a massive liquidation of about $7.68 million alongside a 10.75% surge in 24 hours, seemingly resulting from short position holders being liquidated due to a sharp price increase.
Meme tokens like FARTCO and 1000PEI also saw significant liquidations with price changes of -2.75% and -2.18%, respectively.
This large-scale liquidation suggests that the cryptocurrency market's upward momentum is strengthening, as traders holding short positions were massively liquidated during the recent Bitcoin surge above $120,000.
For real-time news...Go to TokenPost Telegram
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
