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Binance remains the largest centralized exchange (CEX) with a market share of 39.1% in November 2024.
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BTC crashed after breaking through $100,000, with nearly $900 million liquidated
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BTC’s historic rally above $100,000 hit a roadblock on December 5, with the flagship Crypto asset falling back into the five-digit region, leaving a trail of liquidations across the market.
BTC gave back nearly all of its gains in 24 hours, and hit a new all-time high of $103,679.
It fell to a day-low of around $90,300 before attempting to recover. As of now, BTC is trading at $95,500 amid wild volatility.
Over the past 24 hours, approximately $885.61 million in leveraged positions were liquidated, affecting 202,956 traders worldwide.
Of the total liquidations, BTC accounted for $540 million, followed by ETH at $105.53 million.
Other tokens also experienced large liquidations, including XRP ($57.07 million), DOGE ($37.54 million), and Solana ($29.28 million).
Liquidations for the rest of the Crypto assets totaled $92 million, highlighting the broad impact of BTC's price movements.
Long traders betting on rising prices bore the brunt of the liquidation, liquidating $640.83 million, or 72.4% of the total. Short positions betting on falling prices accounted for $244.78 million.
The largest single liquidation occurred on OKX, with $18.63 million of BTC-USDT swaps being forcibly liquidated.
Breaking down the data further, $284.43 million was liquidated in just one hour, of which $279.5 million was long.
Over the past 12 hours, a total of $552.54 million in liquidations was recorded, including $482.81 million in longs and $69.72 million in shorts.
The four-hour liquidation figure was $428.42 million, reflecting the increased volatility during BTC's decline.
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