Crypto liquidation recently topped $1.2 billion, affecting long traders the most. Meanwhile, the BTC price is currently hovering around $105,000.
By Godfrey Benjamin
Editor Julia Sakovich
Updated
3 mins read
Over the last 24 hours, 308,750 traders were liquidated in the crypto industry and the total liquidations within this time came in at $1.20 billion.
These large liquidations are becoming a trend in the market. At this point, investors and traders are beginning to question the safety of their crypto investments.
CoinGlass liquidation heatmap for the last 24 hours shows that the largest single liquidation order happened on Hyperliquid HYPE $38.41 24h volatility: 3.1% Market cap: $10.39 B Vol. 24h: $390.44 M , with ETH-USD worth about $20.42 million liquidated.
Collectively, the total crypto liquidations from the listed exchanges summed up to $1.2 billion.
Flagship cryptocurrency Bitcoin BTC $111 028 24h volatility: 3.1% Market cap: $2.21 T Vol. 24h: $56.81 B led the liquidation at $414.55 million, with long traders being affected the most.
Precisely, short traders’ liquidations were valued at only $82.8 million, while long traders saw as much as $331.2 million in losses. Next was Ethereum ETH $4 038 24h volatility: 2.9% Market cap: $487.54 B Vol. 24h: $32.58 B with $268.83 million: long traders at $198.79 million and short traders at $70.04 million.
Crypto market liquidations show more long trader offset. | Source: Coinglass
Solana SOL $192.1 24h volatility: 1.7% Market cap: $104.93 B Vol. 24h: $5.80 B , Dogecoin DOGE $0.20 24h volatility: 3.6% Market cap: $30.31 B Vol. 24h: $1.87 B , and XRP XRP $2.46 24h volatility: 3.4% Market cap: $147.38 B Vol. 24h: $3.33 B were all impacted by the huge liquidations.
The prices of these digital assets are struggling to pull off a recovery since Donald Trump’s October 10 China tariff announcement.
After losing support from $126,000, the BTC price has been struggling to remain above $110,000. However, the situation has worsened, and it is now trading at $105,094.03.
Judging by this situation, it does not look like the worst is over. Crypto enthusiasts, traders, and investors would have to endure until the macroeconomic outlook, especially US-China tariffs and rate cuts, are well defined.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
