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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

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.

OKX and Binance lead the way in $137M crypto liquidation as market stumbles

Cover art/illustration via CryptoSlate

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.

Liquidations by exchange (Source: CoinGlass)
Liquidations by exchange (Source: CoinGlass)

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.

Posted In: Tokens, Trading