Crypto Liquidations Surge Toward $1 Billion as Leveraged Longs Get Wiped Out

By Lidia Yadlos

Crypto markets saw a sharp wave of deleveraging over the past 24 hours, with nearly $1 billion in leveraged positions wiped out as volatility accelerated across major assets.

According to data from CoinGlass, total liquidations reached approximately $934 million across more than 167,000 trader accounts, with the overwhelming majority of losses coming from traders positioned for a market rebound.

Bitcoin accounted for roughly $363 million in liquidations, while Ethereum followed with approximately $240 million in wiped positions as price declines triggered cascading margin calls across centralized and decentralized trading venues.

The largest single liquidation reportedly came from a $15.34 million Bitcoin long position closed on Hyperliquid.

Long Positions Took the Biggest Hit

The liquidation imbalance heavily favored long-side losses, with roughly 93% of liquidated positions coming from traders betting prices would move higher.

That kind of imbalance typically signals aggressive leverage buildup during periods of market optimism — followed by rapid forced unwinding once momentum reverses.

As prices declined, leveraged traders faced automatic liquidations as collateral thresholds were breached, creating a cascading effect that amplified downside volatility across the market.

Bitcoin and Ethereum absorbed the largest losses largely because they continue to dominate overall leveraged trading activity across crypto derivatives markets.

Volatility Returns to Crypto Markets

The liquidation wave arrives as crypto markets continue navigating elevated volatility following recent macro uncertainty, profit taking, and shifting risk sentiment across both traditional and digital asset markets.

Large liquidation cascades have increasingly become a defining feature of crypto’s highly leveraged trading environment, where automated liquidations can rapidly accelerate both rallies and selloffs.

While long liquidations dominated this latest move, analysts often view major deleveraging events as a reset mechanism that flushes excessive leverage from the market before new positioning begins to rebuild.

For now, however, the latest selloff serves as another reminder of how quickly sentiment can reverse once leverage becomes overcrowded.

Published on Blockster

Crypto Liquidations Surge Toward $1 Billion as Leveraged Longs Get Wiped Out