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Cryptocurrency liquidations plummet more than 80% as market consolidates
Cryptocurrency liquidations fell by 80.26% as the broader market consolidates amid low volatility and neutral sentiment.
According to data provided by Coinglass, total cryptocurrency liquidations currently stand at $42.4 million, over the past 24 hours. This shows that the broader cryptocurrency market has not seen much movement.
Crypto Liquidations Map – June 16 | Source: Coinglass
Here’s what to know:
- The long positions are worth approximately $23.8 million
- Short trading positions, liquidations of $18.5 million.
- Ethereum (ET) leads with $9 million in liquidations: $3.5 million long, $5.5 million short.
- Notcoin (NOT) came in third place after a group of small-cap crypto assets, reaching $3.9 million
- Bitcoin (Bitcoin), secured fourth place by reaching $3.25 million, with long positions worth $2.44 million liquidated within 24 hours.
- Data shows that nearly half of the liquidations, $20 million, came from Binance, the largest cryptocurrency exchange by trading volume.
- Seychelles-based exchange OKX is in second place with $13 million in settlements
- OKX accounts for over 30.7% of global liquidations.
- Total cryptocurrency open interest increased 0.2% to $66.3 billion.
According to data, the capitalization of the global cryptocurrency market is currently around $2.54 trillion TO CoinGecko.
BTC and ETH have consolidated around $66,000 and $3,500 in the last 24 hours. Both major cryptocurrencies have witnessed small movements as the broader market holds onto neutral sentiment.