In the past 24 hours, approximately $165 million (about 24 billion won) worth of leverage positions were liquidated in the cryptocurrency market.
According to the currently compiled data, the liquidated positions were relatively balanced between long and short positions, with about $60 million in liquidations occurring on major exchanges over a 4-hour period.
Bybit saw the most position liquidations over the past 4 hours, with a total of $20.35 million (33.72% of the total) liquidated. Among these, long positions accounted for $12.66 million, or 62.23%.
Binance was the second-highest exchange with $19.04 million (31.55%) in liquidated positions, with short positions at $9.84 million (51.69%), slightly higher than long positions.
OKX experienced about $11.62 million (19.26%) in liquidations, with short positions significantly higher at 64.22%.
Notably, BitMEX showed an overwhelming long position liquidation rate of 96.81%, while Gate also had a high long position liquidation rate of 73.14%.
By coin, ETH-related positions were liquidated the most. Approximately $71.25 million in ETH positions were liquidated over 24 hours, with $10.21 million in long positions and $12.44 million in short positions over a 4-hour period.
BTC saw about $46.69 million in positions liquidated over 24 hours, with $6.05 million in long positions and $31.97 million in short positions over 4 hours. For Bitcoin, short position liquidations were more than 5 times higher than long position liquidations.
SOL had about $9.74 million liquidated over 24 hours, while among other major altcoins, XRP ($6.05 million), SUI ($4.98 million), and Doge ($4.92 million) saw significant liquidations.
Meme coins like 1000PEI and PEPE also experienced substantial liquidations, with 1000PEI recording $2.13 million in liquidations over 24 hours, despite a 2.18% price increase.
The TRUMP Token saw about $1.63 million in liquidations over 24 hours with a 1.15% price drop, with approximately $970,000 in short positions liquidated over 4 hours.
The HYPE Token also experienced $520,000 in liquidations over 24 hours amid a 2.41% price decline.
In the cryptocurrency market, 'liquidation' refers to the forced closure of a leverage position when a trader fails to meet margin requirements. This liquidation data shows that long and short positions are balanced for major coins, indicating diverse trader opinions about market direction.
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