Market Bloodbath Triggers $714 Million in Crypto Liquidations as Traders Face Heavy Losses

Over 218,000 traders were liquidated in 24 hours, totaling $714 million in losses across Bitcoin, Ethereum, and other altcoins.

Long positions suffered the most damage at $511 million, while short liquidations amounted to $203 million across major exchanges.

A $20.4 million Ethereum long position on Hyperliquid marked the largest single liquidation during the intense crypto market bloodbath.

A market bloodbath swept across the cryptocurrency sector in the past 24 hours, triggering massive liquidations worth $714 million. Over 218,000 traders faced losses, with both long and short positions suffering amid intense volatility.

Massive Sell-Off Hits Bitcoin, Ethereum, and Solana

According to a post by Crypto Patel (@CryptoPatel) on X, Bitcoin led the wave of liquidations, with $232.9 million flushed out in just one day. Ethereum followed with $165.3 million, while Solana and other altcoins collectively accounted for over $120 million in forced liquidations.

The sharp movement caught leveraged traders off guard as liquidations spread rapidly across exchanges. Long positions dominated the losses, totaling $511 million, compared to $203 million in short positions. The surge in volatility drained liquidity pools, leaving many positions exposed to sudden price swings.

The liquidation event reflects a broader struggle between leveraged traders and liquidity providers. With over $700 million wiped out, this episode signals another period of heightened uncertainty in the crypto market, where over-leveraged positions face swift liquidation risks.

Leverage Traders Crushed Amid Sudden Price Volatility

Crypto Patel’s report noted that the largest single liquidation was an Ethereum long worth $20.4 million on Hyperliquid, marking one of the day’s biggest losses. This event further intensified concerns among margin traders, as sharp corrections erased gains within minutes.

The rapid unwinding of positions suggests that speculative trading remains a major driver of market volatility. As liquidity thins, leveraged trades become increasingly vulnerable to cascading liquidations, amplifying market instability.

Amid this turbulence, institutional and “smart money” traders managed to avoid substantial losses by maintaining disciplined exposure levels. The widespread liquidations demonstrate how sudden shifts in sentiment can disrupt even major assets like Bitcoin, Ethereum, and Solana within hours.

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