In the past week, over $2.5 billion in cryptocurrency positions have been liquidated, predominantly affecting long positions. Data from CoinGlass reveals significant activity across the top seven cryptocurrency exchanges in terms of liquidations of both longs and shorts during this timeframe.
**Leading Exchanges by Liquidation in the Past Week – Totaling Over $2.5 Billion**
The vast majority of liquidations over the last few days were long positions, contributing to a staggering total of more than $2.5 billion. Let’s delve into the leading exchanges based on the liquidations of longs and shorts from the previous week.
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**Binance Dominates the Liquidation Rankings with $1.239 Billion**
Binance tops the liquidation chart, reporting $1.037 billion in long positions and $798 million in short positions, culminating in a total of $1.239 billion. Following closely, OKX accounts for $829 million in long liquidations and $650 million in shorts, which together reach $1.479 billion.
HTX recorded long liquidations of $268.1 million, paired with $225 million in shorts, bringing its total to $493.1 million. Coinex saw long positions amounting to $61.8 million, while shorts reached $49.6 million, resulting in total liquidations of $111.4 million.
**Significant Crypto Liquidations Across Major Exchanges Signal Market Volatility**
Bitmex reported liquidations of $63.2 million in long positions and $57.8 million in shorts, totaling $121 million. Coinex’s figures were reiterated, with long positions at $61.8 million and shorts at $49.6 million, leading to a total of $111.4 million. Bitfinex recorded $40.7 million in long liquidations and $37.7 million in shorts, summing up to $78.4 million.
In conclusion, the overall liquidated amount reached $2.5 billion, with long positions accounting for $1.99 billion and shorts totaling $533.9 million. The data provided by CoinGlass highlights the significant volatility and inherent risks present in the cryptocurrency market.
