Over the past 24 hours, approximately $555.32 million worth of leveraged positions were liquidated across the cryptocurrency market, with long positions accounting for $423.85 million (76.3%) and short positions for $131.47 million. The data reveals that traders betting on price increases suffered the majority of losses amid a broad market downturn.
Exchange Breakdown
In the last four hours, total liquidations reached $33.26 million. Binance led with $16.61 million (49.94% of the total), where long liquidations were $8.44 million and short liquidations $8.17 million, reflecting a relatively balanced ratio. OKX followed with $4.69 million (14.1%) and a 54.38% long share. Hyperliquid recorded $3.98 million (11.96%), but its long liquidation share was a striking 90.42%—$3.6 million in longs versus just $0.38 million in shorts, indicating extreme directional bias. Bybit accounted for $3.66 million (11.0%), Gate $2.02 million (6.06%), and Bitget $1.55 million (4.66%). Notably, HTX showed a contrasting trend: shorts made up 65.72% of its $526,080 in liquidations.
Asset-Specific Liquidations
Ethereum (ETH) saw the heaviest liquidations, with $195.01 million in longs and $94.44 million in shorts, totaling $289.45 million, as its price fell 2.4% to $3,049. Bitcoin (BTC) liquidations reached $73.6 million ($43.3 million long, $30.3 million short) amid a 1.9% drop to $117,370. XRP saw $69 million liquidated, Solana (SOL) $59.85 million, and BNB $35.78 million. Dogecoin (DOGE) fell 3.7% with $29.53 million liquidated, while Cardano (ADA) shed 3.5% alongside $18.6 million in liquidations. In the last four hours, Ethereum again dominated with $54.61 million liquidated ($37.05 million long, $17.56 million short), far exceeding Bitcoin's $11.41 million, XRP's $25.97 million, Solana's $15.81 million, and BNB's $11.08 million. Sui (SUI) stood out as short liquidations ($5.4 million) outpaced longs ($4.4 million), indicating some short-squeeze pressure even in a downtrend. Avalanche (AVAX) also saw slightly more shorts than longs liquidated.
24-Hour Heatmap and Implications
Over 24 hours, the liquidation heatmap showed Bitcoin at $78.24 million, Ethereum at $73.31 million, and other assets collectively at $46.54 million. Among individual tokens, SPCX saw $21.44 million liquidated, SNDK $19.52 million, and HYPE $18.46 million—the latter aligning with Hyperliquid's extreme long bias. Other notable liquidations included XYZ:SPCX ($11.78 million), SKHYNIX ($9.89 million), SOXL ($9.42 million), and Solana ($9.14 million), pointing to concentrated speculative flows into high-volatility themes. The liquidation cascade suggests that price corrections in Bitcoin and Ethereum triggered a broader deleveraging across altcoins, with Ethereum, XRP, Solana, and Dogecoin showing elevated short-term volatility risks. Traders should monitor these assets for potential further swings.
*Source: TokenPost.ai*