Crypto Assets market 24-hour leverage liquidation analysis: $74.7 million position liquidation

Source: TokenPost Original Title: Cryptocurrency Market, $74.7 Million in Leverage Positions Liquidated in 24 Hours Original Link:

Market Liquidation Overview

In the past 24 hours, approximately $74.7 million (about 10.9 billion Korean Won) worth of leveraged positions were liquidated in the cryptocurrency market. The large-scale liquidation of Bitcoin short positions reflects an upward trend in the market, while meme coins such as Zcash(ZEC), HYPE, and FARTCO also experienced significant liquidations, drawing attention to their volatility.

Exchange Clearing Distribution

According to current data statistics, the ranking of the clearing scale of major exchanges is as follows: HyperLiquid ranks first with a clearing scale of 24.05 million USD; a leading exchange (16.49 million USD), Gate (11.13 million USD), and another exchange (10.86 million USD) follow in order.

Currency Settlement Details

Bitcoin ( BTC )

Based on a 4-hour benchmark, the liquidation scale of Bitcoin-related positions is the largest. Among them, Bitcoin short positions were liquidated for $37.7 million within 4 hours, far exceeding the long positions ($2.57 million). This significant difference indicates that the market has experienced an unexpectedly upward trend, leading to a large-scale liquidation of short position holders.

Ethereum ( ETH )

The liquidation size of Ethereum is approximately 9 million US dollars.

mainstream altcoins

Among mainstream altcoins:

• Solana(SOL): Long position liquidation of $350,000, short position liquidation of $24,000
• XRP: Long positions liquidated for $360,000, short positions liquidated for $960,000
• Zcash(ZEC): A significant liquidation scale has occurred within 4 hours - long positions of $3.11 million and short positions of $490,000, indicating that the price volatility of ZEC is considerable.
• Bitcoin Cash ( BCH ): Total liquidation amount approximately $1.13 million (longs $820,000, shorts $310,000)
• Dogecoin ( DOGE ): The liquidation size is approximately $150,000 (longs $90,000, shorts $60,000)

Meme Coin Liquidation

It is worth noting that meme coins like HYPE and FARTCO have also seen a considerable scale of liquidation:

• HYPE: Long positions of about $50,000, short positions of $1,490,000
• FARTCO: Long position of $640,000, short position of $90,000

This indicates that the volatility in the meme coin market has been expanding recently, and speculative trading is increasing.

Market Interpretation

Liquidation( refers to the phenomenon where a leveraged position is forcibly closed when the margin of the position holder is insufficient to meet the maintenance requirements. A large-scale liquidation of Bitcoin short positions indicates that the market is showing a stronger than expected upward trend.

) Key Observation

• Approximately 74.7 million USD in leveraged positions were liquidated within 24 hours.
• The liquidation size of Bitcoin short positions is 14.7 times that of long positions (37.7 million USD vs 2.57 million USD), which is a characteristic feature of this round of liquidations.
• Zcash###ZEC( and Bitcoin Cash)BCH( also experienced significant liquidation.
• The volatility of the meme coin market is also expanding.

) Strategic Highlights

• Large-scale liquidations of Bitcoin short positions may become a driving force for short-term increases.
• The concentration of clearing by HyperLiquid and certain leading exchanges indicates that users of these exchanges need to strengthen their leverage risk management.
• The high hashrate of Zcash###ZEC( indicates that the volatility of this cryptocurrency is relatively high, so caution is needed during trading.