Crypto Market Hits $2B in Liquidations

[etfs]

The crypto market suffered a massive $1.91 billion liquidation over the past 24 hours, dropping the total market cap below $3 trillion for the first time in five months.

Bitcoin (BTC) led the losses, with $929M liquidated, mostly from leveraged long positions.

Ethereum (ETH) followed with $403M liquidated.

A single BTC-USD position worth $36.78M was liquidated on Hyperliquid.

Traders betting on further upside took the brunt of the sell-off, highlighting the market’s vulnerability to leveraged positions.

[Nahid Hossen]

Two billion wiped out… volatility is on another level.

[JanEmil]

Easy come Easy goes.

[The_Walking_Dead]

Wild swings — survival mode activated. ️

[Capybara_Capybara]

No mercy in this market.

[Revenant]

Leverage always bites back.

[Abdul Khan]

Leverage traders really felt the pain today. ‍

[Nahid Hossen]

A single BTC-USD position worth $36.78M was liquidated on Hyperliquid.