Latest Crypto News: Massive Liquidation in SKL Market

Over the past 24 hours, there has been a wave of major liquidations in the crypto market, especially in SKL assets. Here are the key data recorded:

1. Total Liquidations: $665K, consisting of:

• Longs: $275.2K

• Shorts: $389.8K

2. Number of Traders Liquidated:

Over 129,852 traders were liquidated with a combined value of over $326.71M across various crypto assets.

3. Largest Liquidations:

The largest single liquidation order occurred in the Binance-BTC pair, with a value of $15.17M.

Long/Short Ratio on Major Exchanges for SKL (Last 30 Minutes):

• Binance: Longs 52.4% vs Shorts 47.6%

• BingX: Longs 49.3% vs Shorts 50.7%

• Gate.io: Longs 60.9% vs Shorts 39.1%

• Crypto.com & Kraken: No long activity, 100% shorts.

This data analysis shows a strong short squeeze, especially on some major exchanges. However, some platforms like Gate.io have seen a dominance of longs.

This large move serves as a warning for investors to stay alert to the high volatility in the crypto market.

Note: Data is obtained from the latest crypto liquidation tracking platform.