Over $531M Liquidated in 24 Hours as BTC and ETH Volatility Wrecks Traders

In Brief:

Total liquidations hit $531 million, with longs taking the biggest hit at $377M.

Largest single liquidation: $17.35M BTCUSDT position on Binance.

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According to Coinglass data reported by ChainCatcher, the crypto market saw $531 million in total liquidations over the past 24 hours. The majority of the pain hit long traders, with $377 million wiped out, while short positions saw $154 million in losses.

Among the assets:

• BTC longs were liquidated for $141M, with BTC shorts at $19.3M.
• ETH longs lost $66.9M, nearly matched by ETH shorts at $64.4M.

A total of 137,459 traders were liquidated, highlighting the volatility of the current market. The largest single liquidation came from a $17.35 million BTCUSDT position on Binance.

These figures suggest aggressive leverage trading amid recent market swings—particularly as BTC recently dropped below $118K and ETH fell under $3,600.

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