Cryptocurrencies, which gained momentum before the Binance hearing, saw liquidation of nearly 80 million dollars in the last 24 hours, and interesting data from the stock exchanges attracted attention.
Binance, which has been in a lot of turmoil lately, went to a hearing at night. The trial judge did not rule against the SEC or Binance US. Instead, the judge encouraged cooperation from both parties. However, there was a serious movement in cryptocurrencies during this process. This situation naturally shook the liquidation data.
Liquidations on OKX overtook Binance!
A total of $79.62 million worth of transactions were liquidated in the last 24 hours. 53.03 million dollars of these transactions were short positions, and 26.24 million dollars were long positions. The liquidation value on the BTC side was recorded as 39.98 million dollars, and the liquidation value on the ETH side was recorded as 13.96 million dollars. In addition, liquidation data from TRB, WLD and SOL attracted attention.
The most striking data regarding liquidations came from the stock exchanges. Binance, the cryptocurrency exchange with the highest transaction volume and users today, fell behind OKX. While a transaction worth $25.74 million was liquidated on OKX, a liquidation of $23.08 million was observed on Binance. Additionally, abnormal price movements on OKX’s futures side recently came to mind.
The liquidity of short transactions came to the fore in almost all stock exchanges. In addition, it did not go unnoticed that 88.21 percent of the liquidations on Bitmex were long positions.
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