Crypto Market Incurs $319M in Liquidations as 112,329 Traders Liquidated

The past 24 hours have been very hard on the crypto market as large-scale liquidations have occurred. In this respect, a total number of 112,329 crypto traders have been liquidated. As per the data from Phoenix Group, the leading crypto exchanges in terms of liquidations include Binance, Bybit, and Hyperliquid. Additionally, the notable assets witnessing liquidations are Ethereum ($ETH), Bitcoin ($BTC), and Solana ($SOL).

Binance and Bybit Lead Crypto Exchanges Based on Liquidations, Losing $7.83M and $51.22M

The market statistics reveal that Binance is the leading among the crypto exchanges in terms of liquidations over the past 24 hours. Specifically, Binance incurred a cumulative $77.83M in liquidations with 64.26% long positions and 35.74% short positions. In addition to this, Bybit’s liquidations account for $51.22M, including 47.32% shorts and 52.68% longs.

Subsequently, Hyperliquid has emerged as the 3rd top crypto exchange, witnessing liquidations, incurring a $50.24M loss, with 74.77% longs and 25.23% shorts. Additionally, Gate.io’s liquidations account for $44.25M, denoting 74.74% longs and 25.26% shorts. In the same vein, Bitget saw $33.59M in liquidations, and OKX recorded $26.65M. Following that, HTX and Aster’s liquidations equal $18.39M and $2.10M.

$ETH, $BTC, and $SOL Dominate Digital Asset Liquidations with $110.74M, $92.46M, and $9.36M

Among the top assets in the case of liquidations, Ethereum is the leading one, incurring a loss of 50.31K $ETH (nearly $110.74M). Additionally, Bitcoin and Solana have lost 1.29K $BTC (approximately $92.46M) and 113.95K $SOL (almost $9.36M). Phoenix Group’s list of liquidations also includes Ripple and Doge, showing a loss of up to 2.81M $XRP ($3.75M) and 39.60M $DOGE ($3.61M).

Moving on, Zcash and Hyperliquid account for the losses of 7.72K $ZEC ($2.82M) and 44.35K $HYPE ($1.80M). Along with that, Bybit is credited to record the biggest single crypto liquidation of the past twenty-four hours. Specifically, the trading pair $BTC/$USD went through the liquidation of $4.00M on Bybit.

Source: https://blockchainreporter.net/crypto-market-incurs-319m-in-liquidations-as-112329-traders-liquidated/