Approximately $277.6 million worth of leveraged positions were liquidated in the cryptocurrency market over the past 24 hours.
According to currently aggregated data, long positions accounted for 73.59% of all liquidated positions, while short positions accounted for the remaining 26.41%.
Binance saw the most position liquidations over the past four hours, with a total of $10.8 million (38.91% of the total). Long positions accounted for approximately 79.34% of this liquidation.
The second exchange with the most liquidations was Bybit, where $5.32 million (19.15%) of positions were liquidated, of which long positions accounted for 62.42%.
OKX saw liquidations of approximately $3.7 million (13.31%), with a long position ratio of 73.42%.
Notably, Bitfinex reported virtually no position liquidations during the survey period.
By coin, Bitcoin (BTC) positions saw the most liquidations. Bitcoin is currently trading at $89,721, and over the past four hours, $3.91 million in long positions and $830,000 in short positions have been liquidated. A total of $96.79 million in liquidations occurred over the past 24 hours.
Ethereum (ETH) saw approximately $88.48 million worth of positions liquidated over the past 24 hours.
Solana (SOL) is trading at $130.89, with $1.52 million in long positions liquidated and $93,590 in short positions liquidated over the past 4 hours, bringing the total liquidations to $16.31 million over the past 24 hours.
Dogecoin (DOGE) is trading at $0.14267, with $336,630 in long positions and $333,220 in short positions liquidated over the past four hours. A total of $9.67 million has been liquidated over the past 24 hours.
A notable development was the significant liquidation of short positions on 1000PEPE and the PEPE token over a four-hour period. 1000PEPE saw a significantly higher liquidation volume of short positions ($707,590) than long positions ($391,500), resulting in a total liquidation of $10.27 million over 24 hours.
XRP is trading at $2.0044, with $1.03 million in long positions and $186,280 in short positions liquidated over the past 4 hours, bringing the total liquidations over the past 24 hours to $14.22 million.
In the cryptocurrency market, "liquidation" refers to the forced closure of leveraged positions when traders fail to meet margin requirements. This liquidation data can be viewed as an important indicator of recent cryptocurrency market volatility and trader position trends.
Article Summary by TokenPost.ai
🔎 Market Interpretation : Approximately $277.6 million in leveraged positions were liquidated over the past 24 hours, with long positions accounting for 73.59% of this liquidation. By exchange, Binance (38.91%) and Bybit (19.15%) saw the most liquidations. Bitcoin and Ethereum recorded the largest liquidations, while short position liquidations were prominent on 1000PEPE and PEPE.
💡 Strategy Point : The high long position liquidation rate (73.59%) indicates significant recent market downside pressure. The high number of short position liquidations in PEPE tokens demonstrates their unexpected upward trend. In today's highly volatile market, risk management is even more crucial when using leverage.
📘 Glossary : Liquidation refers to the forced termination of a leveraged position when it reaches its set stop-loss price (liquidation price). A long position is a buy position anticipating a price increase, while a short position is a sell position anticipating a price decrease. Leverage is a loan that allows you to trade with an amount greater than your capital.
TokenPost AI Notes
This article was summarized using a TokenPost.ai-based language model. Key points in the text may be omitted or inaccurate.
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