Cryptocurrency markets liquidate $330 million in leveraged positions in 24 hours.

In the past 24 hours, approximately $330 million (about 48 billion won) worth of leverage positions were liquidated in the cryptocurrency market.

According to the currently aggregated data, Ethereum (ETH) liquidations were the highest at $118.39 million, followed by Bitcoin (BTC) at $68.8 million.

4-Hour Exchange Liquidation Data / CoinGlass

Over the past 4 hours, Binance had the most position liquidations, with a total of $14.79 million (44.72% of the total) liquidated. Among these, long positions accounted for $12.04 million, or 81.4%.

Bybit was the second-highest exchange with liquidations, with $10.56 million (31.95%) of positions liquidated, of which long positions comprised $7.12 million (67.42%).

OKX saw approximately $3.27 million (9.9%) in liquidations, with long positions at 77.34%.

Notably, at HTX exchange, short position liquidation ratio was 56.38%, higher than long positions.

Cryptocurrency Liquidation Data / CoinGlass

By coin, Bitcoin (BTC) saw $2.72 million in long position and $227,000 in short position liquidations over 4 hours. Bitcoin's price has dropped 2.30% in the last 24 hours, recording $118,381.

Ethereum (ETH) had $2.61 million in long positions and $2.25 million in short positions liquidated over 4 hours, while its price has actually increased by 0.94% in 24 hours, maintaining $4,275.

XRP saw $2.58 million in long position liquidations over 4 hours, ranking third after Bitcoin and Ethereum.

Particularly, the FARTCO Token experienced a sharp 16.41% price drop and $4.15 million in long position liquidations over 4 hours, with a large-scale liquidation of $9.41 million over 24 hours.

Dogecoin (DOGE) saw a 5.05% price drop with approximately $890,000 in long position liquidations over 4 hours, totaling $13.08 million in liquidations over 24 hours.

Solana (SOL) experienced a 3.94% price drop with $447,000 in long position liquidations, totaling $21.15 million in liquidations over 24 hours.

The HYPE Token showed a significant 7.08% price drop, while the ENA Token dropped 6.34%, with $2.36 million in long position liquidations over 4 hours.

This large-scale liquidation in the cryptocurrency market occurred alongside an overall market downturn, with increased price volatility particularly among altcoins. Investors need to pay more attention to risk management for high leverage positions.

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