Bitcoin’s Epic Crash Triggers Over $1 Billion in Hourly Futures Liquidations

When Bitcoin tanks, the carnage spreads fast—and futures traders just got steamrolled.

The Liquidation Bloodbath

Liquidations ripped through leveraged positions at a staggering pace, topping $1 billion per hour as Bitcoin's price went into freefall. Margin calls hit like dominoes—longs got obliterated, shorts printed profits, and exchanges raked in fees while traders nursed their wounds.

Market Mechanics Gone Wild

High leverage met extreme volatility, and the result wasn’t pretty. Cascading liquidations amplified selling pressure, creating a feedback loop that even seasoned pros couldn’t escape. It’s the kind of market event that separates the cautious from the overconfident—and the overconfident from their capital.

Just another day in crypto, where ‘risk management’ is often just something people tweet about after they’ve been rekt.

In addition to bitcoin, other assets also saw a drawdown. Ethereum, XRP, Solana, and Dogecoin, which are among the top in terms of capitalization, the depth of correction reaches more than 7%.

The sharp collapse in the market has led to traders, mostly in long positions, facing forced liquidation of positions. Under it were 407,635 addresses with total losses for 24 hours of $1.7 billion.

Bearish sentiment is still evident in the market as a whole. The Fear and Greed Index has dropped one point in the last 24 hours. It indicates that traders are inclined to sell and act cautiously.

One of the likely reasons for this drawdown in the market is the increase in volatility as the HYPE surrounding the Federal Reserve’s (Fed) interest rate decision falls. Experts pointed to caution among traders, particularly short-term traders.

“Investors are cautious, long-term holders are not panicking, but short-term traders are worried. Blockchain data shows that holders are not selling, so the sentiment is more akin to ‘nervous optimism’ than outright fear,” Rachel Lucas, crypto analyst at BTC Markets, said in a commentary for The Block.

Former Binance exchange CEO Changpeng Zhao also commented on the situation. He stated that any downturn is a natural part of the market cycle, which is necessary for the formation of support levels.

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