Crypto liquidations plunge over 80% as the market consolidates

Cryptocurrency liquidations declined 80.26% as the broader market consolidates amid low volatility and neutral sentiment.

According to data provided by Coinglass, total crypto liquidations currently sit at .4 million — in the past 24 hours. This shows that the broader cryptocurrency market hasn’t seen big movements.

Here’s what to know:

• Long positions are worth roughly .8 million
• Short trading positions, .5 million in liquidations.
• Ethereum (ETH) leads with million in liquidations — .5 million longs, .5 million shorts.
• Notcoin’s (NOT) liquidations came in third after a group of small-cap crypto assets, reaching .9 million
• Bitcoin (BTC), secured the fourth spot reaching .25 million — with .44 million worth of long positions liquidated in 24 hours.
• Data shows that almost half of the liquidations, million, come from Binance, the largest crypto exchange by trading volume.
• Seychelles-based exchange OKX has the second spot with million in liquidations
• OKX accounts for over 30.7% of the global liquidations.
• Total cryptocurrency open interest increased by 0.2%, reaching .3 billion.

The global crypto market capitalization currently hovers at around .54 trillion, according to CoinGecko. 

BTC and ETH have been consolidating around the ,000 and ,500 marks over the past 24 hours. Both of the leading cryptocurrencies have been witnessing small movements as the broader market weathers neutral sentiment.