In the past 24 hours, approximately $161.19 million (about 2.357 trillion won) of leveraged positions in the cryptocurrency market have been liquidated.
According to the current data, long positions accounted for the majority of the liquidated positions. Based on a 4-hour timeframe, the liquidation amount for long positions was $36.93 million (80.4%), while the liquidation amount for short positions was $9 million (19.6%).
In the past four hours, Binance experienced the most position liquidations, totaling $13.24 million (28.83% of the total). Of these, long positions accounted for $10.44 million, or 78.85%.
Hyperliquid experienced $10.72 million (23.34%) of liquidations, particularly long positions which reached $10.43 million, accounting for 97.3% of the exchange's total liquidations, representing the most extreme long liquidation ratio.
Bybit saw approximately $7.27 million (15.83%) in liquidations, while OKX recorded approximately $6.56 million (14.28%). Bitget saw approximately $4.43 million (9.65%) of positions liquidated.
By currency type, Bitcoin-related positions saw the most liquidations. Approximately $65.49 million in Bitcoin positions were liquidated in the past 24 hours. On a 4-hour basis, $13.54 million in long positions and $1.03 million in short positions were liquidated. The current Bitcoin price is $90,222.
Ethereum saw approximately $49.4 million in positions liquidated within 24 hours, while Solana saw approximately $13.86 million. Solana saw $2.93 million in long positions and $290,000 in short positions liquidated within 4 hours.
XRP recorded $10.72 million in liquidations in the past 24 hours, with $2.35 million in long positions liquidated in the past 4 hours. The current XRP price is $2.08.
Dogecoin also experienced significant liquidations, with $5.02 million in positions liquidated within 24 hours, and $1.88 million in long positions and $110,000 in short positions liquidated within 4 hours. The current price of Dogecoin is $0.13937.
Of particular note are the HYPE token, which saw approximately $710,000 in long positions liquidated within four hours. Additionally, PEPE and 1000PEPE tokens also experienced substantial long position liquidations of $410,000 and $520,000 respectively, while short position liquidations were also quite high.
ZEC tokens saw $350,000 in long positions and $90,000 in short positions liquidated within 4 hours, with the current price at $425.45.
In the cryptocurrency market, "liquidation" refers to the forced liquidation of positions when traders holding leveraged positions fail to meet margin requirements. Recent liquidation data shows that even with Bitcoin prices exceeding $90,000, significant market volatility persists.
Article summary by TokenPost.ai🔎 Market Analysis
- $161.19 million in leveraged positions were liquidated within 24 hours.
- More than 80% of the liquidated positions were long positions, suggesting a possible short-term high.
Binance and Hyperliquid saw the most liquidations, with Hyperliquid experiencing the most, where 97.3% of the liquidations were long positions.
💡 Key Strategies
- The large-scale liquidation of long positions after Bitcoin broke through $90,000 suggests the possibility of a short-term correction.
- Increased liquidation of both long and short positions in meme coins such as PEPE and 1000PEPE indicates high volatility.
The increased liquidation share of emerging exchanges like Hyperliquid suggests a shift in the composition of market participants.
📘 Terminology Explanation
- Liquidation: In leveraged trading, when the margin maintenance ratio falls below the benchmark value, the position is forcibly liquidated.
- Long positions: Trading positions betting on an increase in asset prices
- Short positions: Trading positions betting on a decline in asset prices
Hyperliquid: A recently popular decentralized derivatives trading platform
TokenPost AI NotesThis article uses a language model based on TokenPost.ai for article summarization. The main content of the text may be omitted or may not be factual.
