Crypto Traders Face Fresh $600M Liquidation as Market Volatility Continues | Coinspeaker
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Crypto Traders Face Fresh $600M Liquidation as Market Volatility Continues

With global trade concerns and Bitcoin’s price fluctuations, traders remain on edge, unsure whether another crash or recovery is next.

Chimamanda U. Martha By Chimamanda U. Martha Julia Sakovich Edited by Julia Sakovich Updated 3 mins read
Crypto Traders Face Fresh $600M Liquidation as Market Volatility Continues
Photo: Depositphotos

Key Notes

  • Nearly $600 million in leveraged positions were wiped out as Bitcoin fell below $100,000 again amid market turbulence.
  • Out of the 194,888 traders liquidated, long positions suffered the biggest losses, totaling $310.33 million — a harsh reminder of the market’s unpredictability.
  • BTC, ETH, and DOGE were the biggest culprits, recording $163.29 million, $117.13 million, and $29.56 million in respective liquidations.

The cryptocurrency market remains highly volatile, with Bitcoin briefly reclaiming the $100,000 mark before sliding back to $98,436 following a temporary pause on US tariffs.

On Monday, President Donald Trump announced a one-month suspension of tariffs on Mexico and Canada after speaking with leaders from both nations —  just hours before the sweeping actions were set to take effect. The news briefly lifted Bitcoin back above $100K, but the relief was short-lived, as bearish pressure returned, leading to another wave of liquidations.

Traders Lose Nearly $600M in Fresh Liquidations

Tuesday’s market turbulence triggered fresh liquidations totaling $545.59 million, affecting nearly 195,000 traders. Data from CoinGlass shows that long traders took the hardest hit, suffering $310.33 million in losses, while short sellers lost $233.69 million.

The largest contributors to this liquidation event were Bitcoin BTC $97 000 24h volatility: 0.9% Market cap: $1.92 T Vol. 24h: $30.57 B , Ethereum ETH $2 705 24h volatility: 0.8% Market cap: $326.06 B Vol. 24h: $17.53 B , and Dogecoin DOGE $0.26 24h volatility: 1.8% Market cap: $38.94 B Vol. 24h: $1.35 B , recording $163.29 million, $117.13 million, and $29.56 million, respectively.

This latest round of losses comes just 24 hours after the previous bloodbath, which saw the crypto market erase over $2.24 billion, sparking widespread concerns among investors.

Bybit CEO Suggests Liquidations Could Be Higher

As the market grapples with the liquidation crisis, Bybit CEO Ben Zhou has suggested that actual losses may be significantly higher than reported. He disputed CoinGlass’ estimates, revealing that Bybit alone suffered $2.1 billion in liquidations — much greater than the $333 million originally cited.

Zhou attributed the discrepancy to API limitations on crypto exchanges, explaining that platforms restrict the amount of liquidation data that can be pushed out per second.

“We have API limitation on how many feeds are pushed out per second. From my observation, other exchanges also practice the same to limit liquidation data. Moving forward, Bybit will start to PUSH all liquidation data. We believe in transparency,” Zhou said in a tweet.

Market Uncertainty Persists despite Tariff Pause

While Trump’s decision to temporarily halt tariffs on Mexico and Canada briefly eased macroeconomic concerns, it was not enough to sustain Bitcoin’s price above $100K. The market remains fragile, with liquidation figures continuing to rise as traders attempt to navigate the volatility.

In the past four hours alone, over $111 million has been erased from the market, with Bitcoin alone contributing nearly $30 million to the total liquidation. The trend continued, and within the last hour, the industry has lost more than $20 million in additional liquidations.

These losses primarily occurred on centralized exchanges, with Binance leading the pack. The exchange accounted for 35.16% of the $545.59 million wiped out in the past day.

With uncertainty looming over the global economy and crypto markets experiencing extreme swings, all eyes remain on Bitcoin’s next move — and whether traders can recover from yet another brutal sell-off.

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.

Dogecoin (DOGE) News, Cryptocurrency News, News
Chimamanda U. Martha

Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.

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