Bitcoin
Crypto Liquidations Plunge Over 80% as Market Consolidates
Cryptocurrency liquidations declined 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 – in the last 24 hours. This shows that the broader cryptocurrency market has not seen major movements.
Crypto Settlement Map – June 16 | Source: Coinglass
Here’s what you should know:
- Long positions are worth about $23.8 million
- Sold 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 (NO) liquidations ranked third after a group of small-cap crypto assets, reaching $3.9 million
- Bitcoin (Bitcoin), secured fourth position, reaching US$3.25 million — with US$2.44 million in long positions liquidated in 24 hours.
- The data shows that almost half of the settlements, $20 million, come from Binance, the largest cryptocurrency exchange by trading volume.
- Seychelles-based OKX exchange takes second place with $13 million in settlements
- OKX is responsible for over 30.7% of global settlements.
- Total cryptocurrency open interest increased by 0.2% to reach $66.3 billion.
The global crypto market capitalization currently hovers around $2.54 trillion, according to for CoinGecko.
BTC and ETH have been consolidating around the $66,000 and $3,500 marks over the past 24 hours. Both major cryptocurrencies have been witnessing small movements as the broader market resists neutral sentiment.