In the past 24 hours, over $379 million in the crypto market has been liquidated, impacting over 120,000 traders. Ethereum suffered the largest liquidations.
Top Liquidated: Ethereum and Bitcoin
Ethereum accounted for the largest portion of the liquidations, with over $68 million in long positions and $54 million in shorts cleared. This reaction from traders is attributed to high volatility and uncertainty in the market as ETH trades near key technical levels. Bitcoin also faced losses of approximately $35.5 million, mostly from short positions.
Largest Liquidation on HTX
The single largest liquidation was a $2.68 million short position on the ETH/USDT pair executed on the HTX exchange. The market remained relatively stable, yet the high use of leverage amplified losses, highlighting the risks associated with trading on borrowed capital.
Ongoing High Volatility in 2025
These liquidations are part of a larger 2025 trend, where increased leverage and rapid market swings have led to frequent mass liquidations. Many traders positioned for a market drop faced forced closures as prices held steady, showcasing the instability of the current crypto landscape.
Given the current circumstances, the cryptocurrency market remains in a state of high volatility. Traders should be cautious with the use of leverage due to the rapid changes in prices that can occur.
