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Market Insight: $1.42 Billion Liquidated in the Last 24 Hours
The past 24 hours have been a turbulent time for crypto markets, with 435,013 traders liquidated, resulting in a massive $1.42 billion in total liquidations. This reflects the high volatility currently gripping the market, likely driven by sudden price swings in major cryptocurrencies.
Key Highlights:
1. Largest Liquidation:
The single largest liquidation order occurred on Binance, involving #ETHUSDT with a value of $15.80 million.
2. Exchange Breakdown:
#Binance led the liquidation activity, contributing 40.48% of the total ($95.34 million).
Other major exchanges also saw significant liquidations:
#OKX : $51.49M (21.86%)
#Bybit : $48.40M (20.55%)
3. Asset Liquidations:
Among cryptocurrencies, BTC (Bitcoin) and ETH (Ethereum) dominated the liquidations:
BTC: $333.59M
ETH: $316.21M
Other notable assets include $DOGE
($94.43M) and $XRP
($42.36M).
The heatmap below shows the liquidation distribution across cryptocurrencies and highlights the concentration in BTC and ETH trades.
What This Means
These liquidations typically occur when traders using leverage in futures markets fail to maintain their margin due to sharp market moves.
The high numbers suggest aggressive trading positions were taken amid market uncertainty, leading to cascading liquidations as stop-losses and margin calls were triggered.
Caution is key in such volatile conditions. Avoid excessive leverage and consider risk management strategies like setting appropriate stop-loss orders.
Market volatility often presents opportunities but also carries significant risks. Always trade responsibly and stay informed about market dynamics to safeguard your investments.
The past 24 hours have been a turbulent time for crypto markets, with 435,013 traders liquidated, resulting in a massive $1.42 billion in total liquidations. This reflects the high volatility currently gripping the market, likely driven by sudden price swings in major cryptocurrencies.
Key Highlights:
1. Largest Liquidation:
The single largest liquidation order occurred on Binance, involving #ETHUSDT with a value of $15.80 million.
2. Exchange Breakdown:
#Binance led the liquidation activity, contributing 40.48% of the total ($95.34 million).
Other major exchanges also saw significant liquidations:
#OKX : $51.49M (21.86%)
#Bybit : $48.40M (20.55%)
3. Asset Liquidations:
Among cryptocurrencies, BTC (Bitcoin) and ETH (Ethereum) dominated the liquidations:
BTC: $333.59M
ETH: $316.21M
Other notable assets include $DOGE
($94.43M) and $XRP
($42.36M).
The heatmap below shows the liquidation distribution across cryptocurrencies and highlights the concentration in BTC and ETH trades.
What This Means
These liquidations typically occur when traders using leverage in futures markets fail to maintain their margin due to sharp market moves.
The high numbers suggest aggressive trading positions were taken amid market uncertainty, leading to cascading liquidations as stop-losses and margin calls were triggered.
Caution is key in such volatile conditions. Avoid excessive leverage and consider risk management strategies like setting appropriate stop-loss orders.
Market volatility often presents opportunities but also carries significant risks. Always trade responsibly and stay informed about market dynamics to safeguard your investments.
OKX will launch VANAUSDT perpetual contract
According to the official announcement, OKX will officially launch the VANAUSDT perpetual contract on the web, App and API at 12:00 noon on December 17, 2024 (UTC+8). The opening time is: 12:00 noon on December 17 (UTC+8).$VANA
#OKX #Launchpool #launchpad #Launchpool #Binance
According to the official announcement, OKX will officially launch the VANAUSDT perpetual contract on the web, App and API at 12:00 noon on December 17, 2024 (UTC+8). The opening time is: 12:00 noon on December 17 (UTC+8).$VANA
#OKX #Launchpool #launchpad #Launchpool #Binance
3 hours ago, Blockchain Capital (@blockchaincap) transferred 16,964 $AAVE , worth $4.71M, to #FalconX and redirect the $AAVE to #OKX and #Binance
They have accumulated 233,256 $AAVE from Anchorage Digital,
worth $64M at an average price of $274.5 each, 2 years ago.
Currently, they hold 216,292 $AAVE , worth $64.4M
0x3744da57184575064838bbc87a0fc791f5e39ea2
They have accumulated 233,256 $AAVE from Anchorage Digital,
worth $64M at an average price of $274.5 each, 2 years ago.
Currently, they hold 216,292 $AAVE , worth $64.4M
0x3744da57184575064838bbc87a0fc791f5e39ea2
🚨 Breaking News in Crypto! 🌐
OKX mainland users recently faced a significant security breach, resulting in substantial losses. On June 12, the official statement finally addressed the issue, assuring affected users that resolutions are underway. Importantly, the incident is unrelated to authentication methods like Google Authenticator or SMS verification, highlighting OKX's robust security framework, which continues to undergo rigorous testing.
The breach involved forged judicial documents to access individual customer data, prompting legal action and process enhancements to prevent future incidents. Chain News confirmed initial compensations to affected users, with founder Xu Mingxing issuing a sincere apology. He committed to bolstering accountability and product excellence to strengthen OKX's standing in the industry.
For the latest insights and in-depth analyses from the cryptocurrency world, stay updated with us. Click the avatar to follow for daily updates on market trends, expert analysis, and top-notch cryptocurrency recommendations.
#CryptoNews #OKX #SecurityBreach #Write2Earn! #altcoins
OKX mainland users recently faced a significant security breach, resulting in substantial losses. On June 12, the official statement finally addressed the issue, assuring affected users that resolutions are underway. Importantly, the incident is unrelated to authentication methods like Google Authenticator or SMS verification, highlighting OKX's robust security framework, which continues to undergo rigorous testing.
The breach involved forged judicial documents to access individual customer data, prompting legal action and process enhancements to prevent future incidents. Chain News confirmed initial compensations to affected users, with founder Xu Mingxing issuing a sincere apology. He committed to bolstering accountability and product excellence to strengthen OKX's standing in the industry.
For the latest insights and in-depth analyses from the cryptocurrency world, stay updated with us. Click the avatar to follow for daily updates on market trends, expert analysis, and top-notch cryptocurrency recommendations.
#CryptoNews #OKX #SecurityBreach #Write2Earn! #altcoins
OKX partners with Axelar to launch tech development stacks
#OKX joins forces with #Axelar to launch OKX OS, an open-source infrastructure suite of tools, SDKs and APIs for building applications on various blockchains, including #Ethereum , #Bitcoin , and #Solana . This innovative stack allows developers to utilize the same technology behind the OKX Wallet to streamline and scale development across over 100 blockchains. Additionally, Axelar introduced Mobius Development Stack marking the debut of its Interchain Amplifier for permissionless cross-chain connections at the smart-contract layer.
👉 blockworks.co/news/0xresearch-newsletter-cross-chain-interoperability
#OKX joins forces with #Axelar to launch OKX OS, an open-source infrastructure suite of tools, SDKs and APIs for building applications on various blockchains, including #Ethereum , #Bitcoin , and #Solana . This innovative stack allows developers to utilize the same technology behind the OKX Wallet to streamline and scale development across over 100 blockchains. Additionally, Axelar introduced Mobius Development Stack marking the debut of its Interchain Amplifier for permissionless cross-chain connections at the smart-contract layer.
👉 blockworks.co/news/0xresearch-newsletter-cross-chain-interoperability
For free airdrop 100-10000k download ice network app and start mining ice using my link @amansh1004 and this is my one day earning of ice so it's a golden opportunity for everyone as it's has 1 million followers on Twitter and 784k on telegram and partnered with okx
#iceNetwork #OKX #BTC #DOGE
#iceNetwork #OKX #BTC #DOGE
#BinanceCEO #bnbwin #OKX
Today in Crypto: Binance Shows Greater Net Flows Resilience, Capital is Flowing Out of US into Asia, OKX Applies for Hong Kong VATP License
Market news
Contrasting with the crisis experienced by exchanges like FTX, Binance has demonstrated greater resilience in its net flows, according to digital asset data provider CCData. During the FTX crisis, Binance saw an outflow of close to $1 billion in BTC within one hour. Since the official US DOJ announcement on Tuesday, Binance saw outflows across major assets (BTC, ETH, USDT, USDC) – an aggregated ~$800m of outflows across specified assets. “This comparison highlights the market’s perception of risk, potentially influenced by new compliance requirements imposed on Binance by the US government, offering some assurance to investors and reducing counterparty risk,” the report said. The speculation caused by pre-announcements created a significant spike in BNB’s open interest (OI), with over $100m in OI added within a one day period. The current OI remains close to its highs, indicating further speculation on BNB, it concluded.
“The big trend we’re seeing is capital flowing out of the US and going predominantly global, and a lot of that has come to Asia,“ said Dmitry Lapidus, CoinFund‘s newly-appointed senior liquid analyst based in Hong Kong, tasked with building out the firm’s presence in the region. New York-based crypto-focused venture capital (VC) firm CoinFund made this first hire in Hong Kong, aiming to expand in Asia, The South China Morning Post reported. CoinFund is seeing more crypto trading and more crypto entrepreneurs coming from Asia, where the firm is hoping to expand its reach, Lapidus said.
Today in Crypto: Binance Shows Greater Net Flows Resilience, Capital is Flowing Out of US into Asia, OKX Applies for Hong Kong VATP License
Market news
Contrasting with the crisis experienced by exchanges like FTX, Binance has demonstrated greater resilience in its net flows, according to digital asset data provider CCData. During the FTX crisis, Binance saw an outflow of close to $1 billion in BTC within one hour. Since the official US DOJ announcement on Tuesday, Binance saw outflows across major assets (BTC, ETH, USDT, USDC) – an aggregated ~$800m of outflows across specified assets. “This comparison highlights the market’s perception of risk, potentially influenced by new compliance requirements imposed on Binance by the US government, offering some assurance to investors and reducing counterparty risk,” the report said. The speculation caused by pre-announcements created a significant spike in BNB’s open interest (OI), with over $100m in OI added within a one day period. The current OI remains close to its highs, indicating further speculation on BNB, it concluded.
“The big trend we’re seeing is capital flowing out of the US and going predominantly global, and a lot of that has come to Asia,“ said Dmitry Lapidus, CoinFund‘s newly-appointed senior liquid analyst based in Hong Kong, tasked with building out the firm’s presence in the region. New York-based crypto-focused venture capital (VC) firm CoinFund made this first hire in Hong Kong, aiming to expand in Asia, The South China Morning Post reported. CoinFund is seeing more crypto trading and more crypto entrepreneurs coming from Asia, where the firm is hoping to expand its reach, Lapidus said.
GSR has been depositing $OM to #CEX over the past week? 🥶
1hr ago, wallet 0xd39df has deposited 2M OM ~ $1.57M to #Binance
This wallet was just created within the last 3 weeks. And it has received over 33.5M OM ~ $22.21M from 4 different wallet addresses.
Out of the 33.5M OM received, over 12M OM have been staked, and 4M OM ~ $3.23M have been deposited to #OKX and Binance within the past week. 🤔🤔
———-
Wallet 0x03c7, 1 out of the 4 addresses that sent OM, is directly related to GSR 0x2478 fund wallet and the @MANTRA project.
The GSR 0x2478 wallet received OM from the MantraDAO Treasury in 2 batches:
- 11/2022: 116.66 OM at a price of 0.044
- 05/2023: 38.9 OM at a price of 0.022
The entire amount was distributed to the new wallet address 6 months ago through Binance exchange, coinciding with the time when 4 wallets mentioned above received a large amount of OM.
🍸 This could indicate that GSR is actively engaging with $OM at the current time (the price has increased at least 18x, from 0.044 to 0.78 now).
#DataFi #iCrypto #Onchain
1hr ago, wallet 0xd39df has deposited 2M OM ~ $1.57M to #Binance
This wallet was just created within the last 3 weeks. And it has received over 33.5M OM ~ $22.21M from 4 different wallet addresses.
Out of the 33.5M OM received, over 12M OM have been staked, and 4M OM ~ $3.23M have been deposited to #OKX and Binance within the past week. 🤔🤔
———-
Wallet 0x03c7, 1 out of the 4 addresses that sent OM, is directly related to GSR 0x2478 fund wallet and the @MANTRA project.
The GSR 0x2478 wallet received OM from the MantraDAO Treasury in 2 batches:
- 11/2022: 116.66 OM at a price of 0.044
- 05/2023: 38.9 OM at a price of 0.022
The entire amount was distributed to the new wallet address 6 months ago through Binance exchange, coinciding with the time when 4 wallets mentioned above received a large amount of OM.
🍸 This could indicate that GSR is actively engaging with $OM at the current time (the price has increased at least 18x, from 0.044 to 0.78 now).
#DataFi #iCrypto #Onchain
Did you miss out on the recent rally? 👀
$PEPE || @Pepecoin is going wild right now, hitting multiple all-time highs this month. In the past 7 days alone, $PEPE has surged over 75%. Additionally, the latest reports indicate that the crypto analytics platform Lookonchain has revealed that two newly created wallets withdrew 182.7 billion PEPE, worth around $3.1 million, from #OKX in under an hour.
#PEPE_EXPERT
$BTC
$ETH
$BNB
$PEPE || @Pepecoin is going wild right now, hitting multiple all-time highs this month. In the past 7 days alone, $PEPE has surged over 75%. Additionally, the latest reports indicate that the crypto analytics platform Lookonchain has revealed that two newly created wallets withdrew 182.7 billion PEPE, worth around $3.1 million, from #OKX in under an hour.
#PEPE_EXPERT
$BTC
$ETH
$BNB
PinkSale is now linked to the OKX Web3 wallet, allowing users to participate in the on-chain LaunchPad and issue new tokens using this industry-leading Web3 portal.
#PinkSale #OKX #web3 #buythedip #bitcoinhalving
#PinkSale #OKX #web3 #buythedip #bitcoinhalving
this $BORG meme culture is hilarious 😂😂😂
#BOOKOFRUG
$SOL $POND $TRB
#ZKasino
#OKX
#LayerZero
#Fidelity
Share your Rug stories guys
BORG community is awesome
#BOOKOFRUG
$SOL $POND $TRB
#ZKasino
#OKX
#LayerZero
#Fidelity
Share your Rug stories guys
BORG community is awesome
Have you seen Star Xu, the CEO of OKX, call out? 🔥🤷 He highlights critical issues plaguing the cryptocurrency industry, particularly the listing of new tokens and the exchange's role in it. 💥
Star points to the $AEVO case as a prime example, plummeting from $3.70 at launch to a mere $0.44 today. 🤬 He claims many tokens only serve to dilute supply, cash out, and harm users after listing. 😤
Star believes exchanges are being exploited by project teams for token dumping and market manipulation. 🤔 He urges stricter listing criteria to prevent exchanges from being complicit. The absence of regulations around token listings and dumping is creating market chaos. 🤖 The entire industry needs to address these problems collectively to protect investors. 💪👀
We wholeheartedly agree with Star's concerns. Diving deeper, we see implications beyond the surface:
💻 Industry-wide crisis: Star's critique unveils broader problems, including inconsistent project quality and insufficient exchange oversight.
💻 Regulatory imperative: His tweet is a call to arms for stricter regulations governing token listings and exchange practices.
What are your thoughts? Do you agree with Star Xu's assessment? DYOR! #Altcoins #AEVO #OKX
Star points to the $AEVO case as a prime example, plummeting from $3.70 at launch to a mere $0.44 today. 🤬 He claims many tokens only serve to dilute supply, cash out, and harm users after listing. 😤
Star believes exchanges are being exploited by project teams for token dumping and market manipulation. 🤔 He urges stricter listing criteria to prevent exchanges from being complicit. The absence of regulations around token listings and dumping is creating market chaos. 🤖 The entire industry needs to address these problems collectively to protect investors. 💪👀
We wholeheartedly agree with Star's concerns. Diving deeper, we see implications beyond the surface:
💻 Industry-wide crisis: Star's critique unveils broader problems, including inconsistent project quality and insufficient exchange oversight.
💻 Regulatory imperative: His tweet is a call to arms for stricter regulations governing token listings and exchange practices.
What are your thoughts? Do you agree with Star Xu's assessment? DYOR! #Altcoins #AEVO #OKX
Arthur Hayes ( #Cryptohayes ) bought a total of 41M ATH ($2.89M) from #OKX , #HTX , #Bybit and #kucoin today.
From low cap projects, meme coins to all trending projects : I used to chase every hyped altcoin. Now, I'm all about projects with real-world use cases, strong tokenomics and community.
Found a gem recently that I'm keeping a close eye on. 👀
$OM - @MANTRA_Chain 🕉️
They're partnering with giants like MAG, Zand Bank, and Nomura. Plus, this project has a strong community and high yield on #Binance and #OKX .
Check it out before it's too late!
#cryptotrading #MANTRA #RWA #Altcoins
Found a gem recently that I'm keeping a close eye on. 👀
$OM - @MANTRA_Chain 🕉️
They're partnering with giants like MAG, Zand Bank, and Nomura. Plus, this project has a strong community and high yield on #Binance and #OKX .
Check it out before it's too late!
#cryptotrading #MANTRA #RWA #Altcoins
Here is what happened in the crypto world today :
In a remarkable turn of events, the cryptocurrency market has surged to new heights today, propelled by #Bitcoin 's remarkable rally. The leading cryptocurrency soared to a two-year high, crossing the $2 trillion market cap milestone. This surge comes amidst growing institutional interest and mainstream adoption of digital assets.
However, not all news is celebratory.
US senators have voiced opposition to President Joe Biden's plans for a central bank digital currency ( #cbdc ), indicating potential hurdles ahead for government-backed digital currencies.
Meanwhile, #Islamiccoin , a rising player in the crypto space, is steadily gaining traction and preparing for listing on additional exchanges, promising further growth opportunities.
In other developments, #OKX , a prominent cryptocurrency exchange, has announced the launch of its Turkish platform, expanding its global presence.
Furthermore, the accumulation of 300,000 Bitcoins by spot Bitcoin #ETFs signals increasing investor confidence in the digital asset.
Conversely, Grayscale Bitcoin Trust (GBTC) has experienced its lowest-ever outflow, with a staggering $22 million exiting the trust, raising questions about investor sentiment towards traditional crypto investment vehicles.
Overall, today's developments underscore the dynamic nature of the cryptocurrency market, marked by significant milestones, regulatory challenges, and evolving investor behavior.
$BTC
In a remarkable turn of events, the cryptocurrency market has surged to new heights today, propelled by #Bitcoin 's remarkable rally. The leading cryptocurrency soared to a two-year high, crossing the $2 trillion market cap milestone. This surge comes amidst growing institutional interest and mainstream adoption of digital assets.
However, not all news is celebratory.
US senators have voiced opposition to President Joe Biden's plans for a central bank digital currency ( #cbdc ), indicating potential hurdles ahead for government-backed digital currencies.
Meanwhile, #Islamiccoin , a rising player in the crypto space, is steadily gaining traction and preparing for listing on additional exchanges, promising further growth opportunities.
In other developments, #OKX , a prominent cryptocurrency exchange, has announced the launch of its Turkish platform, expanding its global presence.
Furthermore, the accumulation of 300,000 Bitcoins by spot Bitcoin #ETFs signals increasing investor confidence in the digital asset.
Conversely, Grayscale Bitcoin Trust (GBTC) has experienced its lowest-ever outflow, with a staggering $22 million exiting the trust, raising questions about investor sentiment towards traditional crypto investment vehicles.
Overall, today's developments underscore the dynamic nature of the cryptocurrency market, marked by significant milestones, regulatory challenges, and evolving investor behavior.
$BTC
See original
Trading volume on the largest crypto exchanges fell by 16% over the year.
Trading volume on the 10 largest centralized exchanges (CEX), whose combined market share exceeds 95%, fell by 16% to $34.26 trillion by the end of 2023, experts from research firm TokenInsight write in a new report. Binance's share has dropped from 54.2% to 48.7% and the exchange still maintains a dominant position. On the contrary, the OKX and Bybit platforms showed the most significant growth, increasing their market shares by 4.3% and 2.2%, respectively.
TokenInsight Report
#CEX #Binance #OKX #Bybit
Trading volume on the 10 largest centralized exchanges (CEX), whose combined market share exceeds 95%, fell by 16% to $34.26 trillion by the end of 2023, experts from research firm TokenInsight write in a new report. Binance's share has dropped from 54.2% to 48.7% and the exchange still maintains a dominant position. On the contrary, the OKX and Bybit platforms showed the most significant growth, increasing their market shares by 4.3% and 2.2%, respectively.
TokenInsight Report
#CEX #Binance #OKX #Bybit