According to the data, in the past 24 hours, approximately $7.056 billion worth of leverage positions in the crypto market have been liquidated (about 9.3084 trillion KRW). Current aggregated data shows that among the liquidated positions, short positions accounted for $5.374 billion, making up 76.16%, while long positions totaled $1.682 billion, representing 23.84%.
4-hour exchange liquidation data / CoinGlass
In the past 4 hours, the exchange with the highest liquidation of positions was Binance, with a total of $277.8 million (39.38% of the total) liquidated. Of this, short positions accounted for $198 million, or 71.25%. The second-largest liquidation occurred on Bybit, with $112.2 million (15.9%) of positions liquidated, where short positions made up $98.7 million (87.96%). OKX saw about $80.5 million (11.41%) in liquidations, with short positions comprising 71.73%. A special case is CoinEx, where the liquidation ratio of long positions dominated at 69.4%.
Crypto Liquidation Data / CoinGlass
In terms of coins, Bitcoin (BTC) related positions have been liquidated the most. In the last 24 hours, about $877.4 million in Bitcoin positions were liquidated, with a maximum liquidation of $6.13 million over a 4-hour period. Ethereum (ETH) saw approximately $436.2 million in positions liquidated in 24 hours, with a maximum of $6.1 million in 4 hours. Dogecoin (DOGE) had around $97.6 million liquidated in 24 hours, and Solana (SOL) had about $95.9 million. Notably, coins like SUI experienced significant liquidations with a price drop of -4.4%. In the crypto market, 'liquidation' refers to the forced closing of positions held by traders with leveraged positions when they fail to meet margin requirements.
Article Summary by TokenPost.ai
🔎 Market Interpretation: Recent extreme volatility in the crypto market has led to approximately $7.056 billion in positions being forcibly liquidated. Notably, short position liquidations accounted for a staggering 76.16%, indicating significant losses for investors who expected a decline.
💡 Strategy Insights: Major exchanges like Binance and Bybit have seen concentrated short position liquidations, hinting at uncertainty linked to market volatility. Altcoins exhibit greater volatility than Bitcoin, warranting close attention.
📘 Terminology Explanation: Short Position - This refers to the state of betting on the asset price to drop and selling the asset. When the price rises, there is a risk of forced liquidation due to insufficient margin.
TokenPost AI Notice: This article uses a language model based on TokenPost.ai for summarization. The main content may be omitted or deviate from the facts.