News
Crypto Liquidations Increase 78%, with ETH Leading the Charts
Cryptocurrency liquidations have seen a sudden increase in the last day. Ethereum (ET) is still at the top of 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 the cryptocurrency’s total open interest saw a decline of 0.35% over the same time frame, currently sitting at $66 million.
Crypto Liquidations Map – June 17 | Source: Coinglass
According to a report from crypto.news on June 16, the number of Cryptocurrency liquidations have plummeted by 80%, falling to $42.4 million, in a single day while the broader market was consolidating with a total market capitalization of $2.54 trillion.
Here are the data from Coinglass:
- Long positions worth $43.9 million were liquidated.
- Short positions worth $31.6 million were liquidated.
- Ethereum dominates the list with over $19 million in liquidations: $5.6 million long and $13.5 million short.
- Bitcoin (Bitcoin) liquidations scope $8.2 million – $4.15 million for longs and $4.09 million for shorts.
- Binance is dominating the scene with $38.7 million in liquidations, of which longs account for 57.6%.
- OKX saw liquidations of $23 million, with a 30% market share.
Second data provided by CoinGecko, the increase in liquidations comes as a global cryptocurrency market the capitalization recorded a decline of 0.4% in the last 24 hours, going from 2.549 trillion dollars to 2.536 trillion dollars.
Bitcoin has consolidated around the $66,000 mark for the past three days, while Ethereum has hovered around the $3,550 mark over the same time frame.