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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 $42.4 million — in the past 24 hours. This shows that the broader cryptocurrency market hasn’t seen big movements. 
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 <img loading="lazy" decoding="async" width="1002" height="466" src="https://crypto.news/app/uploads/2024/06/Screenshot-2024-06-16-121851.png" alt="Crypto liquidations plunge over 80% as the market consolidates - 21"> 
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 Crypto liquidations map – June 16 | Source: Coinglass
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Here’s what to know: 
<ul> 
 <li>Long positions are worth roughly $23.8 million</li> 
 <li>Short trading positions, $18.5 million in liquidations.</li> 
 <li>Ethereum (<a href="https://crypto.news/price/ethereum/" rel="">ETH</a>) leads with $9 million in liquidations — $3.5 million longs, $5.5 million shorts. </li> 
 <li>Notcoin’s (<a href="https://crypto.news/price/notcoin/" rel="">NOT</a>) liquidations came in third after a group of small-cap crypto assets, reaching $3.9 million</li> 
 <li>Bitcoin (<a href="https://crypto.news/price/bitcoin/" rel="">BTC</a>), secured the fourth spot reaching $3.25 million — with $2.44 million worth of long positions liquidated in 24 hours.</li> 
 <li>Data shows that almost half of the liquidations, $20 million, come from Binance, the largest crypto exchange by trading volume. </li> 
 <li>Seychelles-based exchange OKX has the second spot with $13 million in liquidations</li> 
 <li>OKX accounts for over 30.7% of the global liquidations.</li> 
 <li>Total cryptocurrency open interest increased by 0.2%, reaching $66.3 billion.</li> 
</ul> 
The global crypto market capitalization currently hovers at around $2.54 trillion, according <a href="https://www.coingecko.com/en/global-charts" target="_blank" rel="">to</a> CoinGecko.&nbsp; 
BTC and ETH have been consolidating around the $66,000 and $3,500 marks over the past 24 hours. Both of the leading cryptocurrencies have been witnessing small movements as the broader market weathers neutral sentiment. 
 Read more: <a href="https://crypto.news/lbank-hot-water-breaking-japan-financial-rules/" rel=""> LBank in hot water for breaking Japan’s financial rules </a>

Crypto liquidations plunge over 80% as the market consolidates

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