Cryptocurrency market, $230 million leverage positions liquidated in 24 hours

Source: TokenPost Original Title: Cryptocurrency Market, $230 Million Liquidated in Leverage Positions Over 24 Hours Original Link: https://www.tokenpost.kr/news/cryptocurrency/319337 Over the past 24 hours, approximately $230 million worth of leverage positions have been liquidated in the cryptocurrency market, with the majority being long positions. Liquidations occurred predominantly on major exchanges, with Bitcoin, Ethereum, and Solana being the main targets.

According to current aggregated data, long positions constitute a higher proportion of the liquidated positions, especially with concentrated liquidations on major exchanges.

In the last 4 hours, the exchange with the highest liquidation volume was Exchange A, with a total of $8 million(accounting for 43.41%) of the total liquidations. Among these, long positions made up 65.31%.

The second highest liquidation occurred on Exchange B, with $4.72 million(accounting for 25.64%), with long positions comprising 70.84%.

Exchange C saw approximately $2.93 million(in liquidations, with a long position ratio of 70.85%.

Notably, Hyperliquid)Hyperliquid( had a short position liquidation ratio of 75.67%, making it the only platform where short liquidations exceeded long ones. BitMEX and Bitfinex only liquidated 100% long positions.

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By coin, Bitcoin)BTC( saw the most liquidations. Bitcoin is currently trading at $87,287.2, with about $1.58 million in long positions and $141,670 in short positions liquidated over 4 hours. Over 24 hours, total liquidations reached $102.82 million.

Ethereum)ETH( saw approximately $77.21 million in positions liquidated over 24 hours, making it the second most affected after Bitcoin.

Solana)SOL( is currently trading at $122.88, with about $496,880 in long positions and $16,210 in short positions liquidated over 4 hours. The total liquidations over 24 hours amounted to $19.07 million.

Particularly noteworthy, ZEC)ZEC( is trading at $547.39, with $206,030 in long positions and a significantly higher $1.74 million in short positions liquidated over 4 hours. Over 24 hours, total liquidations reached $6.7 million, showing notable volatility.

Additionally, Cardano)ADA( is trading at $0.3522, with about $1.09 million in long positions liquidated over 4 hours, ranking second after Bitcoin in long liquidations.

Dogecoin)DOGE( is trading at $0.12263, with approximately $275,340 in long positions and $1,890 in short positions liquidated over 4 hours.

A particularly unusual case is Bitcoin Cash)BCH(, trading at $596.37, where over 4 hours, $743,610 in short positions were liquidated compared to $79,390 in long positions, showing a pattern opposite to most coins.

Litecoin)LTC( is trading at $77.83, with $15,600 in long positions and $476,210 in short positions liquidated over 4 hours, indicating a noteworthy pattern.

In the cryptocurrency market, ‘liquidation’ refers to the forced closure of a trader’s leveraged position when the margin no longer meets the required maintenance margin. This liquidation data serves as an important indicator of market volatility and direction.

Market Interpretation

• Approximately $230 million in leverage positions liquidated over 24 hours, mostly long positions
• Liquidations occurred sequentially across major exchanges
• Largest liquidations: Bitcoin), Ethereum(, Solana)
• ZEC, BCH, LTC experienced more short liquidations than long, contrary to typical patterns

Strategic Points

• Coins with high short liquidation ratios like ZEC, BCH, LTC may have short-term upward pressure
• The dominance of long position liquidations suggests potential market correction
• The 75.67% short liquidation ratio at Hyperliquid indicates unique positioning strategies among its users

Terminology

• Liquidation(Liquidation): Forced closure of a leveraged position when the margin falls below the required maintenance margin
• Long Position(Long Position): A position expecting the asset’s price to rise
• Short Position(Short Position): A position expecting the asset’s price to fall