Cryptocurrency market, $96.85 million in leveraged positions liquidated within 24 hours... Long positions account for 67%

In the past 24 hours, approximately $96.85 million (about 1.34 trillion KRW) of leveraged positions in the cryptocurrency market have been liquidated.

According to current aggregated data, long positions account for 67% of the liquidations, while short positions make up 33%.

4-hour liquidation data / CoinGlass

In the last 4 hours, the exchange with the most liquidations was Binance, with a total of $6.4 million (27.35% of the total) liquidated. Among these, 71.9% were long positions.

The second highest liquidation volume occurred on Bybit, with $6.09 million (26.03%) liquidated, of which 70.47% were long positions.

OKX experienced approximately $2.27 million (9.7%) in liquidations, with a long position ratio of 58.81%.

Notably, on Hyperliquid exchange, unlike other exchanges, the short position liquidation ratio is as high as 89.24%, overwhelmingly dominating.

Cryptocurrency liquidation data / CoinGlass

By asset type, Bitcoin-related positions were liquidated the most. Within 24 hours, about $42.35 million worth of Bitcoin positions were liquidated; based on 4-hour data, $4.74 million of long positions and $4.05 million of short positions were liquidated.

Ethereum saw approximately $40.35 million in positions liquidated over 24 hours, with a large-scale liquidation of $7.45 million in LIT tokens.

On Solana, within 4 hours, $510,000 of long positions and $1 million of short positions were liquidated, occurring against the backdrop of Solana’s price reaching $124.56.

Dogecoin was priced at $0.12311, with $310,000 of long positions and $58,700 of short positions liquidated within 4 hours.

Particularly, tokens such as HYPE, ZEC, LINK also experienced significant liquidations. ZEC, at a price level of $534.3, saw $236,700 of long positions and $72,100 of short positions liquidated.

Interestingly, for tokens like ENA, XAUT, AAVE, LTC, within 4 hours, short position liquidations were zero or negligible, with liquidations mainly concentrated on long positions.

In the cryptocurrency market, “liquidation” refers to the forced closing of positions when traders holding leveraged positions fail to meet margin requirements. This liquidation data reflects market volatility centered around Bitcoin and Ethereum.

Article summary by TokenPost.ai

🔎 Market Interpretation

• Approximately $96.85 million in leveraged positions were liquidated within 24 hours, with long positions (67%) being liquidated more than short positions (33%).

• Bitcoin and Ethereum experienced the largest liquidation scales, at $42.35 million and $40.35 million respectively.

• Binance and Bybit accounted for the highest liquidation volumes, with 27.35% and 26.03% of the total, respectively.

💡 Strategy Highlights

• Unlike other exchanges, Hyperliquid has a high short position liquidation ratio (89.24%), indicating a bias toward long positions.

• Tokens such as ENA, XAUT, AAVE, LTC show almost no short position liquidations, demonstrating traders’ focus on long positions.

• Solana saw more short liquidations than long ($510,000 vs. $1 million), which may signal a bullish trend.

📘 Terminology Explanation

• Liquidation: The forced closing of a position when a trader holding a leveraged position’s margin falls below maintenance requirements.

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

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

TokenPost AI Notes

This article uses a language model based on TokenPost.ai for summarization. The main content of the body may be omitted or may not be entirely accurate.