Crypto Market Liquidation Analysis

In the past 24 hours, the cryptocurrency market experienced significant liquidations, totaling approximately $354 million. Of this amount, $233 million came from long positions and $121 million from short positions.

Liquidations by Cryptocurrency:

- Bitcoin (BTC): Around $55.39 million liquidated.
- Ethereum (ETH): Approximately $55.82 million liquidated.

Liquidations by Exchange:

- Binance: Recorded $132.55 million in liquidations.
- OKX: Accounted for $120.37 million in liquidations.
- Bybit: Saw $21.68 million liquidated.

The largest individual liquidation occurred on OKX, involving a $6.55 million position in the ETH/USDT pair.

💡 Key Insight:
This wave of liquidations underscores the inherent volatility of the crypto market and the risks tied to leveraged trading. Investors should consider proper risk management strategies to mitigate potential losses during sudden market moves.