Ethereum Triggers $336M Bloodbath: Longs Get Obliterated in Market Carnage
Crypto markets got steamrolled today as Ethereum spearheaded a brutal $336 million liquidation frenzy—proving once again that leverage is just a fancy way to lose money faster.
Long positions got annihilated across major exchanges, with ETH leading the charge. The smart contract giant turned into a wrecking ball, smashing through stop-losses like a bull in a china shop.
Traders who bet big on the upside got a harsh reality check. The liquidation wave shows no one''s safe when volatility comes knocking—not even in the ''mature'' crypto markets.
Funny how decentralized finance still follows the oldest rule in trading: the market takes what the market wants. And today, it wanted pain.
Table showing liquidations across exchanges on June 12, 2025, 7:00 A.M. UTC (Source: CoinGlass)
The largest single liquidation, a $2.15 million BTCUSD-PERP order on Binance, suggests one-sided positioning ahead of a price swing.
This continues a broader pattern seen in recent weeks where traders loaded into long positions during periods of low volatility, leaving them vulnerable to sudden downside moves.
