Liquidation data from the past 24 hours shows a high level of volatility across the market, with Bitcoin accounting for a dominant share of the total value of positions closed. In particular, $BTC recorded over $208 million in liquidation, far exceeding other assets.
Ethereum ranks second with about $57 million in liquidation, while altcoins like SOL, XRP, and DOGE contribute a smaller share but still show significant pressure.
According to the time frame, liquidation has been increasing significantly from short-term to longer-term. In the last 4 hours, the total liquidation reached over $120 million, mostly from short positions. This trend continues to be evident in the 12-hour and 24-hour frames, with total liquidation values of approximately $209 million and $336 million, respectively.
Notably, in both the 12-hour and 24-hour frames, the liquidation of short positions accounts for the majority, reflecting the pressure on short positions in the context of the market experiencing rapid and decisive fluctuations. This indicates that the degree of positional imbalance in the short term is still being strongly adjusted by the market.
