In the last week, over $2.5 billion in cryptocurrency positions were liquidated, predominantly affecting long positions. Data from CoinGlass reveals that the leading seven crypto exchanges experienced substantial liquidation activity during this timeframe.
**Top Exchanges by Liquidations in the Past Week – Totaling Over $2.5 Billion**
The majority of the liquidated positions over the past days were long positions, contributing to a staggering total of more than $2.5 billion. Let’s examine the leading exchanges based on their long and short liquidations from the previous week…
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**Binance Dominates the Liquidation Rankings with $1.239 Billion**
Binance tops the liquidation leaderboard, with $1.037 billion attributed to long positions and $798 million from shorts, culminating in a total of $1.239 billion. Following closely is OKX, which reported $829 million in long liquidations and $650 million in shorts, bringing its total to $1.479 billion.
HTX witnessed long liquidations totaling $268.1 million, while shorts amounted to $225 million, resulting in a combined liquidation total of $493.1 million. Coinex experienced $61.8 million in long positions and $49.6 million in shorts, aggregating to $111.4 million in total liquidations.
**Significant Crypto Liquidations in Leading Exchanges Illustrate Market Instability**
Bitmex recorded $63.2 million in long liquidations and $57.8 million in shorts, combining for $121 million overall. Coinex again reported $61.8 million in long positions and $49.6 million in shorts, totaling $111.4 million. Bitfinex saw $40.7 million in long liquidations and $37.7 million in shorts, resulting in a total of $78.4 million.
In summary, the total liquidated amount reached $2.5 billion, with long positions accounting for $1.99 billion and shorts for $533.9 million. The data sourced from CoinGlass clearly indicates that the cryptocurrency market is highly volatile and fraught with risks.
