The 24-hour liquidation volume in the cryptocurrency market reaches $496 million, with Bitcoin and Ethereum being the main liquidation targets.

Source: TokenPost Original Title: Cryptocurrency Market, $495.5 Million Liquidated in 24 Hours Original Link:

Market Liquidation Overview

In the past 24 hours, the cryptocurrency market experienced approximately $495.5 million in leveraged position liquidations. Data shows that long positions account for 84.86% ($421 million), while short positions account for 15.14% ($75 million).

Exchange Liquidation Distribution

In the last 4 hours, the exchanges with the largest liquidation volumes are ranked as follows:

• HyperLiquid: $197 million (39.84%), with 99.99% long positions
• Major Exchange A: $119 million (24.06%), with 76.95% long positions
• Exchange B: $102 million (20.22%), with 74.46% long positions
• Exchange C: $36.8 million (7.42%), with 63.75% long positions

Asset Liquidation Details

Bitcoin(BTC)

• 24-hour liquidation volume: $497 million (highest)
• Price performance: down 1.71% in 24 hours, at $68,617

Ethereum(ETH)

• 24-hour liquidation volume: $324 million (second highest)

Zcash(ZEC)

• 24-hour liquidation volume: $52.9 million
• Price performance: down 6.30%
• Features: Short liquidations ($273,000) exceeded long liquidations ($185,000), reflecting market expectation differences

Solana(SOL)

• 24-hour liquidation volume: $68.6 million
• Price performance: down 1.80%, at $130.28

Other assets

• Dogecoin(DOGE): down 3.44%, with $910,000 long and $63,000 short liquidations in 4 hours
• ENA: down 5.27%, with $770,000 long liquidations in 4 hours
• PEPE: down 4.40%, with significant liquidation events

Market Interpretation

This large-scale liquidation reflects increased volatility in the recent cryptocurrency market. The high proportion of long positions at 84.86% indicates a downward trend overall, with investors experiencing concentrated losses on bullish positions.

Key Concepts

• Liquidation: Forced closure of leveraged positions when traders’ margin is insufficient to maintain the position
• Long positions: Positions established expecting asset prices to rise
• Short positions: Positions established expecting asset prices to fall