OKX and Binance Lead Crypto Liquidation at $137 Million as Market Stumbles

by Arthur · May 1, 2023

Over $137 million in crypto was liquidated in the last 24 hours as the crypto market began to fall, according to Coinglass data.

CryptoSlate figures indicate that Bitcoin (BTC) price fell by -2.49% in the last 24 hours, dragging most altcoins.

Liquidations

Of the $137.22 million liquidated in one day, $62.9 million came from BTC, which is over 45% of the total amount. Another big chunk was from Ethereum (ETH), with $31.53 million. The remaining altcoins recorded nearly $2 million in liquidations each.

According to figures that categorize liquidations based on exchanges, most were from long positions.

Liquidations by exchange (Source: CoinGlass)

OKX emerged as the exchange that enabled the most significant number 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 liquidations of $45.39 million.

Market decline

CryptoSlate data indicates that 91 coins recorded a price drop in the last 24 hours. Major 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 general market decline, CryptoSlate data shows that the media sector registered a growth of 16.77% in the last 24 hours.

Posted in: Tokens, Trading

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