Crypto Carnage: Traders Wiped Out in Brutal Liquidation Storm Across Major Exchanges
Blood in the algorithmic water as leveraged positions get steamrolled.
### The Domino Effect
Margin calls flash red faster than traders can hit 'close position'—liquidation cascades trigger panic sell-offs. Exchanges feast on wrecked portfolios like vultures at a bear-market buffet.
### Exchange Roulette
No platform spared: Binance sees BNB pairs implode, Kraken's ETH liquidations spike 300%, while Coinbase traders get liquidated at prices that haven't existed since 2023. Guess that 'risk management' tab wasn't clicked.
### The Silver Lining Playbook
OGs shrug—this ain't their first rodeo. 'Buy the dip' tweets already outpacing liquidation alerts. Meanwhile, institutional sharks quietly scoop up assets at fire-sale prices. Classic Wall Street move—dress reheated leftovers as 'strategic accumulation.'
Crypto winter? More like a controlled burn. The dumb money got torched, the smart money brought marshmallows.
The crypto markets also registered the liquidations of around $477.09 million in a 24-hour period. According to data at Phoenix Group, 144,626 of its traders were impacted in this period. Binance topped liquidation charts with $156.76 million, followed by Bybit with $100.76 million and OKX with $64.77 million.
LIQUIDATION DATA IN 24 HOURS
TOTAL LIQUIDATIONS: UP TO $477.09M
TOP 5 COINS WITH HIGHEST LIQUIDATION:$ETH ~ $141.16M$BTC ~ $56.66M$DOGE ~ $33.10M$XRP ~ $29.22M$SOL ~ $16.83M#Blockchain #DeFi #liquidation pic.twitter.com/SWoRPFBwuL
Binance had the highest rate of long position liquidation, 75.24%, but Bybit had a more diverse performance, with 84.25% long position liquidations. Hyperliquid and HTX also continued to be rather active, with a very high liquidation long bias, 78.13% in the case of HTX. CoinEx, despite the lowest reported total, $4.25 million, has a percentage of liquidations that involved long positions, at $92.66 million.
The Best Assets that are Analytically Affected by Liquidation Events
Ethereum ($ETH) saw the largest amount of liquidated assets, at $141.16 million, with more than 395,000 ETH being sold. Bitcoin ($BTC) was next, with $56.66 million worth of liquidations, or about 476.23 BTC. Dogecoin ($DOGE) was third, with a liquidated value of $33.10 million.
The other significant assets were XRP and Solana, about which $29.22 million and $16.83 million worth of liquidations occurred, respectively. ADA, SUI, and SHIBA were also affected, showing how the market correction was widespread in nature.
Market Implications and Largest Single Order
The largest single liquidation order occurred on Binance, involving the ADA/USDT trading pair and worth a total of $6.61 million. This implies a large Leveraged exposure, possibly causing cascading margin calls on several platforms.
The data reflects that long positions are very high in practically all exchanges, indicating that market participants were very optimistic about a short-term price trend. The magnitude of the liquidations and the extent to which they occurred highlight the volatility that has typified the cryptocurrency industry.
