Cryptocurrency market clears $500 million in 24 hours, with short positions accounting for nearly 70%

Source: TokenPost Original Title: Cryptocurrency Market, $520 Million Liquidated in 24 Hours… Short Positions Account for 66.99% Original Link:

Market Data Overview

In the past 24 hours, the cryptocurrency market experienced approximately $520 million (about 733 billion KRW) in leveraged position liquidations, with short positions accounting for 66.99%. This reflects the recent strong upward momentum in the market, leading to increased losses for short investors.

Exchange Liquidation Distribution

Based on data from the past 4 hours:

• Major Exchange A: Highest liquidation amount, reaching $4.31 million, with short positions making up 62%
• Major Exchange B: Liquidation of $3.16 million, with short positions at 63.46%
• Exchange C: Liquidation of approximately $1.44 million, with short positions at 70.3%
• Other Platforms: Some exchanges show abnormally high short liquidation ratios, such as Platform D at 86.78%, and another platform with all liquidations coming from short positions (100%)

Major Cryptocurrency Liquidation Details

Bitcoin(BTC): Approximately $233.77 million in positions liquidated within 24 hours, with $692,650 in short liquidations over the past 4 hours

Ethereum(ETH): About $131.77 million in positions liquidated within 24 hours

Solana(SOL): Around $60.56 million liquidated in 24 hours, with $162,650 in short liquidations over the past 4 hours

Ripple(XRP): $42.44 million liquidated within 24 hours, with a large-scale short liquidation of $1.63 million in the past 4 hours, closely related to XRP rising to $2.01

Dogecoin(DOGE): $35.74 million liquidated in 24 hours, with $402,110 in short liquidations over the past 4 hours

Other Observations: BNB rising to $927 triggered short liquidations; Tron(TRX) rose to $0.309, with short liquidations ($149,800) far exceeding longs ($9,110)

Market Analysis

It is noteworthy that in almost all cryptocurrencies, short position liquidations far surpass long liquidations. This indicates that the recent upward momentum in the crypto market is strong, and short investors are facing ongoing losses. This large-scale liquidation event fully reflects the current market’s strong bullish energy, especially with the high proportion of short liquidations confirming market optimism.

During a strong upward trend, short positions face higher risks, and major mainstream coins along with some mid-sized tokens are showing a robust upward pattern.