According to data provided by Coinglass, the total crypto liquidations surged by 78.8% in the past 24 hours, surpassing the $75 million mark. The increase in liquidations came while the total cryptocurrency open interest recorded a 0.35% decline in the same timeframe — currently hovering at $66 million. Here’s the data from Coinglass:
– $43.9 million worth of long positions have been liquidated. – $31.6 million worth of short positions were liquidated.
– Ethereum dominates the list with over $19 million in liquidations — $5.6 million longs and $13.5 million shorts. – Binance is dominating the scene with $38.7 million in liquidations with longs accounting for 57.6% of this tally. – OKX saw $23 million in liquidations, having a 30% share of the market. Bitcoin has been consolidating around the $66,000 mark over the past three days, while Ethereum hovers around the $3,550 mark in the same timeframe.