Crypto Bloodbath: $183M Wiped Out in 24-Hour Liquidation Frenzy

Crypto markets just got steamrolled—again. Liquidations hit $183 million as volatility reminds traders this isn't Monopoly money (though some Wall Street suits still treat it that way).

Longs got wrecked. Shorts got squeezed. And leverage? As always, it cut both ways like a rusty chainsaw.

Meanwhile, Bitcoin maximalists are whispering 'I told you so' while altcoin bagholders refresh Blockfolio with trembling fingers. The only certainty? Tomorrow's charts will tell a different story—until the next cascade hits.

Pro tip: When your TA looks like an EKG flatline, maybe don't YOLO 100x on meme coins. Just saying.

According to Coinglass, up to 66,673 traders got liquidated in just one day. The single largest liquidation happened on Binance, where someone’s ETHUSDT position worth $12.33 million got blown up.

This wave of liquidations seems to have been triggered by traders rushing to sell as the market showed a modest recovery. With sentiment still shaky, anyone trading with high leverage should tread carefully.

Right now, Bitcoin (BTC) is trading around $108,200, and Ethereum (ETH) is near $2,530, after peaking earlier today at $109,000 and $2,589.

The market’s next move will largely depend on whether traders re-enter with new Leveraged positions or wait for more stable conditions. In any way, we should know that volatility could persist in the coming days, especially if more uncertainties, such as potential trade tariffs come into play.

Also Read: Trump-Backed USD1 Trading Pairs Now Live on Tron’s Sun.io