$1.36 Billion in Crypto Liquidations Hit Market in 24 Hours

The crypto market just witnessed a major shakeout. According to data from CoinGlass, more than $1.36 billion worth of crypto positions were liquidated over the past 24 hours. One of the largest wipeouts in recent months. The markets turned sharply downward, liquidating nearly $1.21 billion in long positions across 327,000 traders. The move sent shockwaves across leading exchanges. It is hitting major assets like Bitcoin, Ethereum and Solana the hardest.

Bitcoin and Ethereum Lead Liquidation Losses

Bitcoin led the liquidation chart with $411 million in forced sell-offs. Ethereum followed it at $355 million. The two giants alone accounted for more than half of the total losses. Solana wasn’t far behind, with $156 million in liquidations. While other top altcoins such as XRP, Dogecoin and BNB also saw steep losses. 

Even smaller tokens like TON, AVAX, ADA and PEPE weren’t spared. This shows how broad-based the market correction was. The largest single liquidation occurred on HTX (formerly Huobi). The sharp market turn wiped out a $47.87 million BTC USDT position there. The incident underscores how quickly leveraged positions can unravel when volatility spikes. Especially in a market that’s been leaning heavily bullish for weeks.

Exchanges See Heavy Activity Led by Hyperliquid

The majority of liquidations came from a few major platforms. Hyperliquid led the list with $397 million in liquidations, of which a staggering 98% were long positions. Following closely were Bybit with $335 million, Binance with $242 million and HTX with $150 million. Other platforms like Gate.io, OKX and CoinEx also recorded tens of millions in forced sell-offs. Overall, nearly nine out of every ten liquidations were from long traders. This shows how sentiment had tilted strongly toward bullish bets before the sudden correction.

Traders Face Harsh Reality of Leverage

This event serves as another reminder of how leverage can amplify risk in crypto trading. In the last 24 hours alone, more than 327,000 traders saw their positions automatically closed. As prices moved sharply against them. For many, this marked the steepest liquidation day since early October. Though it still pales compared to historic crashes like the $19.1 billion wipeout in October 2025. Which triggered by U.S.-China tariff tensions. Still, the scale of this latest liquidation reflects ongoing market fragility. While Bitcoin and Ethereum have rallied strongly this year. Traders continue to walk a fine line between optimism and overexposure.

What Comes Next for the Market

Analysts suggest the flush-out could help reset market leverage and prepare for a more stable recovery. Historically, liquidation cascades have cleared excess speculation and allowed for healthier price action in the weeks following. However, with long positions still dominating the market and macro uncertainties lingering. Traders are being advised to tread carefully. In the fast-moving world of crypto, the line between profit and liquidation can disappear in seconds. As the past 24 hours have proven once again.