In the cryptocurrency market, approximately $5 million in leveraged positions were liquidated within 24 hours... Short positions account for 55%

In the past 24 hours, over $5 million worth of leveraged positions in the cryptocurrency market have been liquidated.

According to current aggregated data, the liquidation ratio of long and short positions across all exchanges is approximately 45:55, with more short positions being liquidated.

4-hour exchange liquidation data / CoinGlass

In the last 4 hours, the exchange with the most liquidations is Binance, with a total of $2.76 million liquidated. Among these, short positions account for 55.58%, reflecting a bullish market momentum.

The second-highest liquidation volume is on Bybit, with $781,600 liquidated, of which long positions make up 61.65%.

OKX experienced about $749,860 in liquidations, with long positions comprising 55.65%.

Notably, on Hyperliquid, nearly all liquidations come from short positions, with 99.93% recorded as short liquidations, indicating very strong upward pressure on this exchange.

Cryptocurrency liquidation data / CoinGlass

By asset type, Bitcoin (BTC)-related positions saw large-scale liquidations totaling $4.06 million. The current BTC price is $87,844. In the past 4 hours, long positions were liquidated approximately $349,850, and short positions $462,570.

Ethereum (ETH) saw about $8.27 million in liquidations over the past 24 hours, surpassing BTC in scale.

Particularly noteworthy are the large-scale liquidations of FLOW and ZEC (Zcash), which occurred at $3.6 million and $2.73 million respectively. ZEC’s current price is $517.55, with $46,590 and $80,630 liquidated from long and short positions respectively in the past 4 hours.

Bitcoin Cash (BCH) also experienced significant liquidations, with $652,730 from long positions and $143,770 from short positions in the last 4 hours. The current BCH price is $620.42.

Litecoin (LTC) also showed considerable volatility, with $798,900 liquidated from long positions in the past 4 hours. Its current price is $79.29.

Dogecoin (DOGE) is trading at $0.12383, with $18,320 in long position liquidations over the past 4 hours.

In the cryptocurrency market, “liquidation” refers to the forced closing of leveraged traders’ positions due to insufficient margin requirements. This liquidation pattern shows that short liquidations are more prominent on exchanges like Binance and Hyperliquid, while long liquidations are more common on Bybit and OKX, highlighting differences among exchanges.

Article summary by TokenPost.ai

🔎 Market interpretation

• Over $5 million in leveraged positions were liquidated in the past 24 hours, with short positions (about 55%) being liquidated more than long positions

• Binance and Hyperliquid have higher proportions of short liquidations, while Bybit and OKX see more long liquidations, indicating differing position directions across exchanges

• Ethereum’s liquidation scale over 24 hours reached $8.27 million, surpassing Bitcoin’s $4.06 million; large-scale liquidations also occurred on FLOW and ZEC at $3.6 million and $2.73 million respectively

💡 Strategy highlights

• The high proportion of short liquidations on Binance and Hyperliquid indicates risks associated with contrarian positions during bullish trends

• Large-scale long liquidations of established altcoins like LTC and BCH suggest caution against excessive optimistic positions

• Differences in liquidation patterns among exchanges imply varying user bases and trading tendencies, which should be considered when choosing an exchange

📘 Terminology explanation

• Liquidation: The forced closing of a leveraged position due to failure to meet margin requirements

• Long position: A position taken with the expectation that the asset’s price will rise

• Short position: A position taken with the expectation that the asset’s price will fall

TokenPost AI Note: This article uses a language model based on TokenPost.ai for summarization. The main content of the original text may be omitted or may not fully align with facts.