- $1.2B in crypto positions were liquidated in 24 hours
- 307,546 traders were affected by the rapid sell-offs
- Largest liquidation: $20.4M ETH on Hyperliquid
In a brutal 24-hour stretch, the crypto market saw a staggering $1.2 billion in liquidations, affecting over 307,000 traders globally. According to data from several tracking platforms, the sharp market moves triggered automatic sell-offs, wiping out leveraged positions across multiple exchanges.
This wave of liquidations is one of the largest in recent months and reflects growing volatility, especially as investors continue to use high leverage despite uncertain market conditions.
ETH Leads the Way with Record Liquidation
Among the most eye-catching figures was a $20.4 million Ethereum ( ETH ) position that was liquidated on Hyperliquid — a decentralized perpetual exchange. This marked the largest individual liquidation of the day, underscoring the high risks that come with large, leveraged positions on decentralized platforms.
Ethereum wasn’t the only coin hit. Major assets like Bitcoin , Solana, and XRP also saw millions in long and short positions vanish, with BTC accounting for a significant portion of the total liquidations.
What This Means for Traders and the Market
Liquidations of this scale can be a sign of excessive leverage and unstable market sentiment. When prices move sharply against leveraged positions, it creates a domino effect of forced sell-offs, which can further drive prices down. For everyday traders, it’s a strong reminder to manage risk, avoid over-leverage, and stay informed during volatile times.
Analysts suggest that this type of event can create both fear and opportunity in the market — shaking out weak hands while providing better entry points for others. Still, the need for caution in trading remains crucial.
