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

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

2023-05-01No Comments2 Mins Read
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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.

The post OKX and Binance lead the way in $137M crypto liquidation as market stumbles appeared first on CryptoSlate.

See also  US Government Could Create Backdoor to Smartphones To Access Crypto Wallets, Warns Balaji Srinivasan
137M Binance Crypto Lead Liquidation market OKX Stumbles
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bitcoin
Bitcoin (BTC) $ 118,137.65
ethereum
Ethereum (ETH) $ 3,143.46
xrp
XRP (XRP) $ 2.93
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 693.73
solana
Solana (SOL) $ 164.80
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.20164
staked-ether
Lido Staked Ether (STETH) $ 3,139.09
tron
TRON (TRX) $ 0.300209
bitcoin
Bitcoin (BTC) $ 118,137.65
ethereum
Ethereum (ETH) $ 3,143.46
xrp
XRP (XRP) $ 2.93
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 693.73
solana
Solana (SOL) $ 164.80
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.20164
staked-ether
Lido Staked Ether (STETH) $ 3,139.09
tron
TRON (TRX) $ 0.300209