OKX and Binance lead the way in $137M crypto liquidation as market stumbles OKX and Binance lead the way in $137M crypto liquidation as market stumbles
At the time of writing, over $137 million worth of crypto got liquidated in the last 24 hours, as Bitcoin lost 2.49% in value.
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Updated: May. 1, 2023 at 11:38 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Over $137M worth of crypto were liquidated in the last 24 hours as the crypto market started to fall, according to Coinglass data.
CryptoSlate numbers indicate that Bitcoin (BTC) price fell by -2.49% in the last 24 hours, dragging most altcoins.
Liquidations
Out of $137.22 million that got liquidated in a day, $62.9 million came from BTC, which accounts for over 45% of the total amount. Another large chunk was from Ethereum (ETH), with $31.53 million. The remaining altcoins recorded nearly $2 million in liquidations each.
According to numbers categorizing liquidations based on exchanges, most were from long positions.
OKX came forwards as the exchange that facilitated the most significant amount of liquidations with $47.63 million, which accounted for 34.71% of the total amount liquidated in the last 24 hours. Binance followed OKX as a close second with $45.39 million of liquidations.
Market drop
CryptoSlate data indicates that 91 coins recorded a price fall in the last 24 hours. Larges decreases were recorded by XinFin (XDC), SingularityNET (AGIX), and Stacks (STX) with -6.68%, -6.37%, and -5.71%, respectively.
In addition to BTC, which lost -2.49% of its value, ETH, XRP (XRP), Cardano (ADA), and Solana (SOL) lost -3.05%, -2.83%, and -5.4%, respectively.
Despite the overall market drop, CryptoSlate data reveal that the media sector recorded a 16.77% growth in the last 24 hours.
Mentioned in this article
Author 
Zeynep Geylan
Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$3,350.89
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
OKX
OKX is a world-leading digital asset exchange, providing advanced financial services to global traders by using blockchain technology.
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.