Cryptocurrency market, $13.7 million in leveraged positions liquidated within 24 hours... Longs account for 53.56%

In the past 24 hours, approximately $13.7 million (about 1.85 billion KRW) of leveraged positions in the cryptocurrency market have been liquidated.

According to current aggregated data, among the liquidated positions, long positions account for 53.56%, and short positions account for 46.44%.

4-hour exchange liquidation data / CoinGlass

The exchange with the most liquidations in the past 24 hours is Binance, with a total of $5.19 million (37.88% of all) liquidated. Among these, long positions make up 62.44%.

The second highest in liquidations is Bybit, with $2.93 million (21.38%) of positions liquidated, with short positions accounting for 51.23%, more than long positions.

Gate exchange experienced about $2.57 million (18.76%) in liquidations, with short positions making up 74.64%. OKX saw $1.64 million (11.97%) of positions liquidated, with long positions accounting for 71.61%.

Notably, at Bitfinex, 100% of liquidated positions were short positions, whereas at BitMEX, the situation is reversed, with 100% long positions.

Cryptocurrency liquidation data / CoinGlass

By coin type, the most liquidations in the last 4 hours involved Bitcoin (BTC). In BTC positions, $330,000 of long positions and $160,000 of short positions were liquidated.

Ethereum (ETH) saw approximately $7.92 million in liquidations over 24 hours, ranking second in total liquidation amount.

It is noteworthy that AXS recorded the highest liquidation amount of $12.38 million within 24 hours. Additionally, FARTCO tokens experienced $110,000 in long positions and $67,000 in short positions liquidated within 4 hours, indicating significant volatility.

ZEC (Zcash) also experienced large fluctuations within 4 hours, with over $110,000 of long positions liquidated; SOL (Solana) saw short position liquidations more than four times that of long positions, reflecting recent upward trends.

Dogecoin (DOGE) had $35,000 in long positions and $11,000 in short positions liquidated within 4 hours.

PEPE meme coin also saw significant liquidations, with about $80,000 in long positions liquidated within 4 hours, indicating substantial downward pressure.

In the cryptocurrency market, “liquidation” refers to the forced closing of positions when traders holding leveraged positions fail to meet margin requirements. These liquidation data indicate overall market volatility in both directions.

Article summary by TokenPost.ai

🔎 Market interpretation

• $13.7 million in liquidations over 24 hours, with long positions (53.56%) slightly higher than short positions (46.44%)

• Concentrated liquidations on Binance ($5.19 million) and Bybit ($2.93 million)

• By liquidation scale: AXS ($12.38 million), ETH ($7.92 million), BTC ($5.11 million)

• Solana (SOL) short position liquidations are over four times long positions, indicating an upward trend

💡 Strategy highlights

• Pay attention to differences in liquidation ratios between exchanges (Gate 74.64% short vs OKX 71.61% long)

• Meme coins (PEPE, FARTCO) are highly volatile; short-term trading should be cautious

• Sharp liquidations of GameFi tokens like AXS signal increased volatility in this sector

📘 Terminology explanation

• Liquidation: The forced closing of positions in leveraged trading when margin maintenance requirements are not met

• Long position: Buying with the expectation that asset prices will rise

• Short position: Selling with the expectation that asset prices will fall

• Leverage: A trading method that allows trading with amounts exceeding one’s own capital

TokenPost AI notes

A summary has been generated using a language model based on TokenPost.ai. The main content of the original article may be omitted or may not be entirely accurate.