[News Brief] Apr 22, morning | $1.1B Liquidated in the Crypto Market Over 24 Hours

$1.1B Liquidated in the Crypto Market Over 24 Hours

According to Odaily, citing CoinGlass data, 196,868 traders were forcibly liquidated across the cryptocurrency market over the past 24 hours, with total liquidations reaching $1.105 billion.

Of that amount, long liquidations came to about $891 million, while short liquidations totaled about $215 million. The largest single liquidation occurred on HTX’s BTC-USDT trading pair, amounting to $59,672,300.

CoinGlass: $478M Liquidated in the Crypto Market Over the Past 4 Hours

According to Odaily, citing CoinGlass data, total liquidations across the crypto market over the past four hours reached $478 million.

Long liquidations accounted for $437 million, while short liquidations totaled $41.13 million.

The largest single liquidation again occurred on HTX’s BTC-USDT trading pair, at approximately $59.67 million. Large-scale long liquidations typically occur when leveraged positions are unwound during price declines.

ETH Falls Below $1,800

Ethereum (ETH) fell below the $1,800 mark, down 2.08% over the past 24 hours.

According to Odaily, citing OKX market data, ETH was trading at $1,799.

Amid continued short-term volatility in the broader crypto market, the $1,800 level has been a key short-term price level watched by investors.

HYPE Briefly Drops Below 65 USDT

HYPE briefly fell below 65 USDT, posting a decline of more than 11% over the past 24 hours.

According to Odaily, citing OKX market data, HYPE briefly dipped below 65 USDT before trading at 65.4 USDT. Earlier, Arthur Hayes said on X that he had fully exited his HYPE and NEAR holdings.

1,730 BTC Transferred From Anonymous Wallet to Kraken

According to Whale Alert, 1,730 BTC, worth about $114.02 million, was transferred from an anonymous wallet to Kraken.

Large bitcoin transfers to exchanges are generally interpreted as potential selling intent or a move to secure liquidity.

Bank of Japan Prepares to Consider a June Rate Hike

Odaily, citing sources, reported that the Bank of Japan is preparing to discuss raising its benchmark rate by 25 basis points to 1% at its monetary policy meeting ending on June 16.

Sources said BOJ officials believe real interest rates remain low and upside inflation risks persist, leaving room for additional hikes later this year.

However, given uncertainty surrounding Middle East tensions, the central bank plans to review incoming data before making a final decision. The pace of reducing bond purchases is also expected to be a key agenda item at the meeting.

a16z Buys an Additional $11.12M Worth of HYPE

Odaily, citing on-chain analysis account ai_9684xtpa, reported that a16z, the largest external holder of HYPE, purchased an additional 155,321 HYPE over the past 14 hours.

The purchase was worth $11.126 million. Since 2026, a16z has accumulated a total of 6.754 million HYPE, with total purchases exceeding $312 million. Its average purchase price stands at $46.24, and its unrealized profit is estimated at $141 million.

Coinone Unveils Strategic Partnership With Korea Investment & Securities and OKX

According to Odaily, Coinone disclosed its strategic cooperation direction with Korea Investment & Securities, OKX, and Com2uS Holdings at its Yeouido headquarters in Seoul on June 4.

Previously, Korea Investment & Securities and OKX each acquired a 20% stake in Coinone, becoming joint third-largest shareholders. Coinone CEO Cha Myunghoon remains the largest shareholder with 30.36%, while Com2uS Holdings remains the second-largest shareholder with 24.54%.

Coinone said the investment is not merely financial but strategic, aimed at linking traditional finance with the digital asset market. OKX will provide global technical cooperation including trading technology and wallet infrastructure, while Korea Investment & Securities will support compliance and trust systems from traditional finance. Com2uS Holdings will contribute content IP and IT infrastructure.

Coinone said it plans to strengthen competitiveness in the domestic virtual asset market in the short term and, over the medium term, pursue digital financial products such as STOs and stablecoins within the legal framework.

Polymarket Daily Trading Volume Hits $176M

Odaily, citing Artemis data, reported that Polymarket’s daily crypto trading volume reached $176 million.

This marks an all-time high daily trading volume for Polymarket. The platform is a crypto-based prediction market, and interest in on-chain prediction markets has been rising recently.

DDC Enterprise Expands BTC Holdings to 2,804

U.S.-listed company DDC Enterprise increased its bitcoin holdings by 90 BTC, bringing its total to 2,804 BTC, according to PANews, citing data from BitcoinTreasuries.NET.

As a result, DDC Enterprise now ranks 28th among corporate bitcoin holders.