In the past 24 hours, there have been significant liquidations in the cryptocurrency marketplace. Bitfinex had the highest trading liquidations, followed by Bybit and Binance. Other exchanges such as OKX, Gate.io, and HTX also experienced liquidations. The total liquidations in this period amounted to $477.11 million. Different exchanges had varying percentages of short-term and long-term liquidations, with Bitfinex having a nearly equal balance. Bitcoin led the liquidation activity, followed by Ethereum and Ripple. Other digital assets including Solana, Cardano, and Dogecoin also had substantial liquidations. The largest liquidation order occurred on Bitfinex for a BTC/UST trading pair, totaling $17.15 million. The market turbulence resulted in 135,560 traders experiencing liquidation, emphasizing the importance of risk management in the volatile cryptocurrency market.



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