- BTC saw $28.44 million in liquidations, driven by Mt. Gox’s compensation payouts.
- ETH faced $35.91 million in liquidations; Solana and Binance Coin also saw significant drops.
- A total of 232,965 traders liquidated positions totaling $673.18 million in 24 hours.
Centralized exchanges saw liquidations totaling $85 million in the past hour as Bitcoin faced heavy selling pressure linked to Mt. Gox’s customer compensation, according to data. Long positions liquidated during this period accounted for $75.18 million, while short positions totaled $9.93 million.
Data from Coinglass shows that Binance recorded the largest single liquidation after closing an ETH/USDT position valued at $18.48 million. The exchange’s total liquidations reached $42.89 million, with $38.37 million in long positions and $4.52 million in short positions. This figure is the highest recorded by an exchange in the time frame.
OKX experienced $21.94 million in liquidations, with longs at $17.87 million and shorts at $4.08 million, resulting in 81.43% of liquidations coming from long positions.
Furthermore, Huobi had $10.77 million in liquidations, predominantly from long positions ($10.61 million), constituting 98.48% of the total. Additionally, Bybit’s total liquidations were $3.78 million, with $2.98 million from long positions accounting for 78.7%.
Bitcoin topped the liquidation standings, reportedly fueled by Mt. Gox’s continued payouts to creditors. Bitcoin (BTC) saw liquidations totaling $28.44 million, with its price falling by 7.76% to $54,366, per data.
Ethereum (ETH) experienced $35.91 million in liquidations, with a price drop of 10.59% to $2,891. Solana (SOL) faced liquidations amounting to $766,410, with its price falling 7.79% to $126.072. Moreover, Binance Coin (BNB) had liquidations totaling $302,930, resulting in a price drop of 12.41% to $472.77.
Over the past 24 hours, 232,965 traders liquidated their positions, totaling $673.18 million. Bitcoin’s recent market volatility has been linked to significant transfers conducted by Mt.Gox. According to Arkham Intelligence data, the defunct exchange sent 47,228.7 BTC ($2.71 billion) to a wallet address.
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