The leverage liquidation activity in the crypto market has been very high in the past 24 hours.

According to current statistics, approximately $11.53 million (equivalent to about 14.5 billion KRW) of positions have been liquidated within a 4-hour cycle. In terms of liquidation volume across major exchanges, a leading exchange liquidated $5.24 million, followed by several other mainstream exchanges, one of which liquidated $2.51 million, and another $1.55 million. The scale of liquidations varies significantly.

Looking closely at the performance of different coins, Bitcoin (BTC) saw about $1.45 million in liquidations. Interestingly, the amount of short positions liquidated is more than twice that of long positions—indicating that short sellers are getting hit harder. Currently, BTC is stable at $95,122.

Solana (SOL) was liquidated for about $1.38 million during the same period. A notable point is that 94.5% of these liquidations involved long positions, meaning long traders are at a disadvantage. SOL is currently priced at $142.26.

Ethereum (ETH) saw a total of about $8.2 million in liquidations over 24 hours, accounting for a significant portion of the total market liquidations. In comparison, privacy coins have had a tougher time in this round of market activity. Zcash (ZEC) was liquidated for about $100,000, and Monero (XMR) was hit even harder, with approximately $174,000 in positions forcibly closed. Both of these coins also have a high proportion of short liquidations.

Cardano (ADA) had about $330,000 in long positions liquidated, and Dogecoin (DOGE) also saw over $10,000 in long liquidations. Overall, market volatility continues to test the psychological resilience of leveraged traders.