Cryptocurrency liquidations have seen a surge over the past day. ethereum (eth) continues to lead the charts.
According to data provided by Coinglass, total cryptocurrency liquidations increased by 78.8% in the last 24 hours, surpassing the $75 million mark. The increase in liquidations came as total cryptocurrency open interest recorded a 0.35% decline in the same time period, currently hovering around $66 million.
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According to a crypto.news report on June 16, the number of cryptocurrency liquidations plummeted by 80% (to $42.4 million) in just one day, while the overall market consolidated with a total market capitalization of 2.54 billion dollars.
Here is the Coinglass data:
- Long positions worth $43.9 million have been liquidated.
- Short positions worth $31.6 million were liquidated.
- ethereum dominates the list with over $19 million in liquidations: $5.6 million in long positions and $13.5 million in short positions.
- bitcoin (btc) Settlements reach $8.2 million: $4.15 million in long positions and $4.09 million in short positions.
- Binance is dominating the scene with $38.7 million in liquidations and long positions make up 57.6% of this total.
- OKX recorded liquidations worth $23 million, with a 30% market share.
According data Provided by CoinGecko, the surge in liquidations comes as the global crypto market capitalization records a 0.4% decline in the last 24 hours, falling from $2.549 trillion to $2.536 trillion.
bitcoin has been consolidating around the $66,000 mark over the past three days, while ethereum is hovering around the $3,550 mark in the same time period.
