In the past 24 hours, approximately $122.2 million (about 1.66 trillion KRW) of leveraged positions were liquidated in the cryptocurrency market.
According to the current aggregated data, short positions account for approximately 78.7% of the liquidated positions, while long positions account for approximately 21.3%.
4-hour liquidation data from various exchanges / CoinGlass
In the past 4 hours, the exchange with the most liquidations was Hyperliquid, with a total liquidation of $72.2 million (33.9% of the total). Among them, short positions amounted to $71.9 million, accounting for 99.58%.
The exchange with the second most liquidations was Binance, with $69.5 million (32.7%) of positions liquidated, of which short positions were $52.2 million (75.11%).
Bybit experienced liquidations of approximately $40.50 million (19%), with a short position ratio of 85.11%.
It is worth noting that BitMEX shows that only 100% of short positions have been liquidated, while Bitfinex has not seen any liquidations.
Cryptocurrency liquidation data / CoinGlass
By currency, Bitcoin (BTC) related positions have been liquidated the most. Within 24 hours, Bitcoin position liquidations totaled approximately $56.22 million; based on 4 hours, long position liquidations amounted to $226.82 thousand, and short position liquidations were $10.98 million.
Ethereum (ETH) had approximately $46.68 million in positions liquidated within 24 hours.
Solana (SOL) saw liquidations of approximately $77.1 thousand within 24 hours, with long position liquidations of $88.39 thousand and short position liquidations of $102.83 thousand based on 4 hours.
In particular, Pippin (PIPPIN) and Beat (BEAT) tokens also experienced significant liquidations of $10.74 million and $6.07 million respectively.
Zcash (ZEC) saw a long position liquidation of $47,920 and a short position liquidation of $275,750 within 4 hours, indicating a high short liquidation ratio.
Dogecoin (DOGE) also saw long position liquidations of $60.17 thousand and short position liquidations of $88.28 thousand within 4 hours.
During this market volatility, most exchanges showed a dominance of short position liquidations, indicating that the recent market rebound is unfavorable for traders holding short positions.
Article summary by TokenPost.ai
🔎 Market interpretation
- Approximately $122.2 million in leveraged position liquidations occurred within 24 hours.
- Among the liquidated positions, short positions accounted for 78.7%, representing an overwhelming proportion.
- This indicates that the recent market rebound is unfavorable for short traders.
💡 Strategy highlights
- Major exchanges such as Hyperliquid, Binance, and Bybit have concentrated short liquidations.
- In addition to BTC, ETH, and SOL, significant liquidations also occurred in altcoins like PIPPIN and BEAT.
- The dominant liquidation pattern of short positions suggests that short-term upward momentum may persist.
📘 Terminology explanation
- Liquidation: The phenomenon where traders holding leveraged positions are forced to close their positions when they fail to meet margin requirements.
- Long position: A position bought in anticipation of price increases.
- Short position: A position sold in anticipation of price declines.
TokenPost AI Notes
This article is generated using the TokenPost.ai language model. The main content of the article may be omitted or may deviate from the facts.
