🌎 Cryptocurrency Liquidations Drop Over 80% as Market Consolidates

Cryptocurrency liquidations have declined by 80.26% as the broader market consolidates amid low volatility and neutral sentiment.

According to data provided by Coinglass, total crypto liquidations currently sit at $42.4 million in the past 24 hours. This indicates that the broader cryptocurrency market hasn’t seen significant movements.

Key Liquidation Data

Here’s what to know:

Long positions are worth roughly $23.8 million.
Short trading positions account for $18.5 million in liquidations.

Leading Cryptocurrencies by Liquidations

Ethereum (ETH) leads with $9 million in liquidations — $3.5 million longs, $5.5 million shorts.
Notcoin (NOT) liquidations came in third after a group of small-cap crypto assets, reaching $3.9 million.
Bitcoin (BTC) secured the fourth spot, reaching $3.25 million — with $2.44 million worth of long positions liquidated in 24 hours.

Exchange-Specific Data

Data shows that almost half of the liquidations, $20 million, come from Binance, the largest crypto exchange by trading volume. Seychelles-based exchange OKX holds the second spot with $13 million in liquidations, accounting for over 30.7% of the global liquidations.

Market Overview

Total cryptocurrency open interest increased by 0.2%, reaching $66.3 billion. The global crypto market capitalization currently hovers around $2.54 trillion.

Bitcoin (BTC) and Ethereum (ETH) have been consolidating around the $66,000 and $3,500 marks over the past 24 hours. Both leading cryptocurrencies have been witnessing small movements as the broader market weathers neutral sentiment.