Over the past 24 hours, approximately $436.49 million (approximately KRW 637.5 billion) worth of leveraged positions were liquidated in the cryptocurrency market.
According to currently compiled data, long positions were overwhelmingly among the liquidated positions, with Hyperliquid, Bybit, and Binance in particular showing a long position liquidation rate of over 90%.
4-hour clearing data by exchange / Coinglass
The exchange with the most position liquidation in the last 24 hours was Hyperliquid, with a total of $108.87 million (26.97% of the total) liquidated. Of these, long positions accounted for 99.65%, and almost all liquidations occurred in long positions.
The exchange with the second largest number of liquidations was Bybit, with $103.72 million (25.69%) of positions liquidated, of which long positions accounted for 96.48%.
Binance experienced liquidation of approximately $85.3 million (21.13%), and the long position ratio was 92.65%.
As a special note, a relatively small amount of liquidation occurred at Bitfinex, $860,000 (0.21%), but the long position ratio was the highest at 99.44%.
Cryptocurrency clearing data / Coinglass
By coin, positions related to Bitcoin (BTC) were liquidated the most. Approximately $235.81 million in Bitcoin positions were liquidated in 24 hours, and in 4 hours, $157.51 million in long positions and $3.7 million in short positions were liquidated.
Ethereum (ETH) had approximately $191.5 million in positions liquidated in 24 hours.
About $43.14 million in Solana (SOL) was liquidated in 24 hours, and as of 4 hours, $32.38 million in long positions and $380,000 in short positions were liquidated.
Among other major altcoins, the most liquidations occurred in that order:
Individual coins of note include HYPE, which saw a liquidation of $4.51 million from long positions and $53,400 from short positions over a four-hour period. In addition, ZEC had a relatively high short position liquidation rate, with $1.39 million in long positions and $1.73 million in short positions liquidated in 4 hours.
This large-scale liquidation was particularly concentrated in long positions, suggesting strong downward pressure on the overall market. Investors need to be careful when trading with leverage to prepare for such market volatility.
