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Cryptocurrency liquidations have seen a sudden increase over the past day. Ethereum (<a href="https://crypto.news/price/ethereum/" rel="">ETH</a>) is still leading the charts. 
According to data provided by Coinglass, the total crypto liquidations surged by 78.8% in the past 24 hours, surpassing the $75 million mark. The increase in liquidations came while the total cryptocurrency open interest recorded a 0.35% decline in the same timeframe — currently hovering at $66 million. 
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 <img loading="lazy" decoding="async" width="996" height="463" src="https://crypto.news/app/uploads/2024/06/Screenshot-2024-06-17-111355.png" alt="Crypto liquidations rally 78% with ETH leading the charts - 15"> 
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 Crypto liquidations map – June 17 | Source: Coinglass
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Per a crypto.news report on Jun. 16, the number of <a href="https://crypto.news/crypto-liquidations-plunge-80-market-consolidates/" target="_blank" rel="">crypto liquidations plunged</a> by 80% — dropping to $42.4 million — in just one day as the broader market was consolidating with a total market capitalization of $2.54 trillion. 
 You might also like: <a href="https://crypto.news/top-cryptocurrencies-to-watch-this-week-eth-dao-elon/" rel=""> Top cryptocurrencies to watch this week: ETH, DAO, ELON </a> 
Here’s the data from Coinglass:&nbsp; 
<ul> 
 <li>$43.9 million worth of long positions have been liquidated.</li> 
 <li>$31.6 million worth of short positions were liquidated.</li> 
 <li>Ethereum dominates the list with over $19 million in liquidations — $5.6 million longs and $13.5 million shorts.</li> 
 <li>Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="">BTC</a>) liquidations <a href="https://www.coingecko.com/en/global-charts" target="_blank" rel="">reach</a> $8.2 million — $4.15 million longs and $4.09 million in shorts.</li> 
 <li>Binance is dominating the scene with $38.7 million in liquidations with longs accounting for 57.6% of this tally.</li> 
 <li>OKX saw $23 million in liquidations, having a 30% share of the market.</li> 
</ul> 
According to <a href="https://www.coingecko.com/en/global-charts" target="_blank" rel="">data</a> provided by CoinGecko, the increased liquidations come as the global crypto <a href="https://crypto.news/markets/" target="_blank" rel="">market</a> capitalization records a 0.4% decline in the past 24 hours — falling from $2.549 trillion to $2.536 trillion. 
Bitcoin has been consolidating around the $66,000 mark over the past three days, while Ethereum hovers around the $3,550 mark in the same timeframe.&nbsp; 
 Read more: <a href="https://crypto.news/vc-roundup-blockchain-startups-major-funding-rounds/" rel=""> VC roundup: blockchain startups secure $109.3m in major funding rounds </a>

Crypto liquidations rally 78% with ETH leading the charts

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