Cryptocurrency leverage market 24-hour liquidation reaches $892 million, with long positions dominating the liquidations

Source: TokenPost Original Title: Cryptocurrency Leverage Market Clears $892 Million in a Day… Long Positions Dominate Original Link: In the past 24 hours, approximately $892 million worth of leveraged positions in the cryptocurrency market have been liquidated. Notably, major exchanges and certain platforms experienced significant liquidations, with long positions generally prevailing. Bitcoin led with $24.33 million in liquidations, while altcoins such as ZEC and SOL saw substantial short position liquidations.

Exchange Liquidation Data

In the past 24 hours, the cryptocurrency market has liquidated about $892 million (approximately 1.3 trillion KRW) in leveraged positions.

According to current statistics, long positions account for the majority of liquidations, with major exchanges experiencing large-scale liquidations amid sharp price fluctuations.

In the last 4 hours, the exchange with the most liquidations was a leading platform, totaling $4.2 million (47.08% of total). Of this, long positions amounted to $2.08 million, and short positions to $2.13 million, with a short liquidation ratio of 50.6%.

The second-highest liquidating exchange is another platform, which liquidated $2.1 million (23.53%), with $1.1 million in long positions (53.05%).

Another exchange experienced approximately $1.63 million (18.28%) in liquidations, with a short position liquidation ratio of 51.99%, slightly higher than long positions.

HTX exchange’s short position liquidation ratio is as high as 83.51%, and Hyperliquid’s liquidations were all short positions.

Token Liquidation Details

By coin, Bitcoin(BTC) saw the most liquidations. Bitcoin is currently priced at $88,116.7, with about $5.89 million in long position liquidations and $964,100 in short position liquidations over the past 4 hours. Over 24 hours, a total of $24.33 million in Bitcoin positions have been liquidated.

Ethereum(ETH) liquidated approximately $11.41 million in positions in 24 hours, making it the second most liquidated coin.

Solana(SOL) is currently trading at $123.4, with $1.047 million in long position liquidations and $1.845 million in short position liquidations over the past 4 hours, with more short positions being liquidated.

Dogecoin(DOGE) is trading at $0.12707, with $628,100 in long position liquidations and $38,100 in short position liquidations over the past 4 hours.

Tokens like HYPE, ZEC, AVAX, and others also experienced significant liquidations. ZEC, in particular, saw short position liquidations of $794,900 in 4 hours, more than twice the $383,600 in long position liquidations.

The UNI token saw $1.228 million in long position liquidations over 4 hours, with no short position liquidations.

Market Analysis

This large-scale liquidation in the crypto market reflects recent high volatility, especially among altcoins, where an imbalance between long and short positions is particularly evident.

( Market Interpretation

• Approximately $892 million in leveraged positions liquidated within 24 hours
• Major exchanges with the highest liquidations: 47.08%, 23.53%, and 18.28%
• Bitcoin with the highest liquidation at $24.33 million, followed by Ethereum at $11.41 million
• Anomalies such as short position liquidations exceeding long positions in some altcoins like ZEC and SOL

) Strategy Highlights

• Higher short position liquidation ratios on some leading exchanges, while others favor long position liquidations
• The concentration of short position liquidations on HTX and Hyperliquid indicates traders on these platforms are generally bearish
• Differences in liquidation patterns among major altcoins suggest varying market outlooks for each token

( Terminology Explanation

• Liquidation)Liquidation###: The forced closing of a position when margin maintenance levels fall below a certain threshold in leveraged trading
• Long Position(Long Position): An investment strategy expecting asset prices to rise, involving buying
• Short Position(Short Position): An investment strategy expecting asset prices to fall, involving selling