$364.5 million in leveraged positions liquidated in the cryptocurrency market within 24 hours

Source: TokenPost Original Title: Cryptocurrency market sees $364.5 million in leveraged positions liquidated over 24 hours Original Link: https://www.tokenpost.kr/news/cryptocurrency/312557 In the past 24 hours, the cryptocurrency market saw approximately $364.5 million (about 533.7 billion KRW) in leveraged positions liquidated.

According to the latest statistics, out of the total liquidated positions, long positions accounted for $189.3 million, or 51.9%, while short positions accounted for $175.2 million, or 48.1%.

Exchange Liquidation Breakdown

In the past 24 hours, the exchange with the most liquidations saw $117.5 million (32.24% of the total) liquidated. Of this, long positions made up 60.85%, totaling $71.5 million.

Another exchange ranked second, with $88.2 million (24.20%) liquidated, of which long positions accounted for 50.91%, or $44.9 million.

A third exchange saw about $64.3 million (17.64%) in positions liquidated, with long positions making up 47.43%.

Notably, at HTX exchange, short position liquidations accounted for 82.28% of the total, showing a trend different from other exchanges.

Cryptocurrency Liquidation by Token

By token, Ethereum (ETH) and Bitcoin (BTC) saw the most positions liquidated. Within 24 hours, ETH liquidations totaled about $918.4 million, and BTC liquidations totaled $910.5 million.

Solana (SOL) saw about $187.5 million liquidated over 24 hours. In a 4-hour timeframe, $2.5 million in long positions and $596,000 in short positions were liquidated.

Notably, for Zcash (ZEC), $3.33 million in short positions were liquidated within 4 hours, far exceeding long positions ($1.02 million). ZEC saw a total of $147.5 million in liquidations over 24 hours.

For one token (FATCO), $9.33 million in long positions were liquidated within 4 hours, nearly 25 times higher than short positions ($380,000). FATCO’s current trading price is $0.3808, with recent volatility significantly increased.

Another token (HYPE) saw $5.79 million in long positions liquidated within 4 hours, while short positions were only $818,000. HYPE is currently trading at $29.099, and after a recent uptrend, is experiencing some correction.

Market Analysis

As volatility increases in Bitcoin and Ethereum, the overall market liquidation scale has grown, with major altcoins also affected in a chain reaction, resulting in large-scale liquidations.

In the crypto market, “liquidation” refers to the forced closing of a leveraged position when the trader cannot meet margin requirements. This wave of large-scale liquidations reflects the recent increase in market volatility.

Key Takeaways

Market Insights

• $364.5 million in leveraged positions liquidated in 24 hours, with significantly increased volatility
• Long/short liquidation ratio is 51.9%:48.1%, relatively balanced
• Ethereum and Bitcoin saw the highest liquidations at $918.4 million and $910.5 million, respectively

Strategy Recommendations

• Some altcoins such as ZEC, FATCO, and HYPE showed significant long/short liquidation imbalances; investors should exercise caution
• Short position liquidations at HTX exchange accounted for 82.28%; consider this exchange’s characteristics when trading
• Large-scale liquidations may present short-term rebound opportunities; incorporate this into trading strategies

Glossary

• Liquidation: In leveraged trading, the forced closing of a position when a trader cannot meet margin requirements
• Long Position: A buy position established in anticipation of asset price increases
• Short Position: A sell position established in anticipation of asset price decreases