In the past 24 hours, the liquidation amount in the cryptocurrency market reached 835 million USD, involving approximately 298,218 people. The largest liquidation occurred on the Binance exchange, in the ETH/BTC trading pair, amounting to as high as 14.4946 million USD.
From the liquidation heatmap by cryptocurrency, BTC, ETH, and DOGE are the main liquidated assets, with both BTC and ETH exceeding 170 million USD in liquidation amounts, while DOGE stood at 53.6714 million USD. SOL and XRP followed closely, with amounts of 34.0651 million USD and 28.0173 million USD, respectively.
According to the statistical analysis of exchanges, Binance ranked first with a liquidation amount of 143 million USD, accounting for 52.68% of the entire market. Following are OKX and Bybit, with 72.512 million USD and 43.683 million USD, respectively. The ratio of long to short positions shows that short liquidations slightly dominate at 50.89%.
Real-time liquidation data indicates that many of the involved cryptocurrencies are smaller market cap coins, such as SUIUSDT and COWUSDT, with liquidation amounts exceeding 1000 USD.
Overall, the market is highly volatile, and investors are advised to pay attention to risk control to avoid high leverage operations.
