Markets
Crypto Liquidations Plunge Over 80% as Market Consolidates
Cryptocurrency liquidations are down 80.26% as the broader market consolidates amid low volatility and neutral sentiment.
According to data provided by Coinglass, total crypto liquidations currently stand at $42.4 million – over the last 24 hours. This shows that the broader cryptocurrency market has not seen big movements.
Crypto Liquidation Map – June 16 | Source: Coinglass
Here’s what you need to know:
- Long positions are worth approximately $23.8 million
- Short trading positions, $18.5 million in liquidations.
- Ethereum (ETH) leads with $9 million in liquidations – $3.5 million in long positions and $5.5 million in short positions.
- Notcoin (NOT) liquidations came third after a group of small-cap crypto assets, reaching $3.9 million
- Bitcoin (BTC), secured fourth place, reaching $3.25 million – with $2.44 million in long positions liquidated in 24 hours.
- Data shows that almost half of the liquidations, or $20 million, came from Binance, the largest crypto exchange by trading volume.
- Seychelles-based OKX exchange takes second place with $13 million in liquidations
- OKX accounts for over 30.7% of global liquidations.
- Total cryptocurrency open interest increased by 0.2%, reaching $66.3 billion.
The global crypto market cap currently hovers around $2.54 trillion, according to has CoinGecko.
BTC and ETH have consolidated around the $66,000 and $3,500 levels over the past 24 hours. Both major cryptocurrencies saw small movements as the broader market faces neutral sentiment.