In the cryptocurrency market over the past 24 hours, approximately $700 million (about 1 trillion won) worth of leverage positions have been liquidated.
According to the currently aggregated data, short positions accounted for 83.63% of the liquidated positions, with large-ations occurring amid a market uptrend.
Over the past 4 hours, Binance had the most position liquidations, with a total of $7.69 million (31.64%) liquidated. Among these, short positions accounted for $5.36 million, or 69.62%.
OKX was the second-highest exchange with liquidations, with $4.99 million (20.51%) of positions liquidated, of which short positions were $4.48 million (89.92%).
Hyperliquid saw approximately $4.55 million (18.71%) in liquidations, with almost 100% being short position liquidations.
Notably, no liquidations occurred on BitMEX during this period, time, and short position liquidations weremacross all exchanges.
By coin, Ethereum (ETH) had the most liquidated positions. Approximately $348.93 million in Ethereum positions were liquidated over 24 hours, with $11.53 million in short positions liquidated over 4 hours. This appears to be due to ETH's price rising to $4,622, a 2.87% increase.
Bitcoin (BTC) saw about $177.06 million in positions liquidated over 24 hours, with $2.36 million in short positions liquidated over 4 hours. Currently, BTC is priced at $11,879, up 3.46% from 24 hours ago.
Solana (SOL) had approximately $64.18 million liquidated over 24 hours, followed by XRP ($58.80 million) and Doge ($35.74 million) among other major altcocoinsins.
Particularly, Doge surged 9.%26reach $0.22799, with $1.23 million in short positions over 4 hours.
Additionally, meme coins like FARTCO (-9.84%), PEPE (-9.99%), and 1000PEI (-9.95%) experienced significant price fluctand substantial liquidliquidations.
This large-scale liquidation indicates that traders holding short positions suffered significant losses amid the overall cryptocurrency market'send reflecting the market's recent sharp upmomentumward momentum. Particularly, Ethereum and Bitcoin's strength is analyzed as driving the overall rally.
Real-time news...Go to TokenPost Telegram
<CopyrightโPost์คํธ,, Unauthorized reproduction and redistribution prohibited>
