Forced liquidations of $1.2 billion in the crypto market in one day…300,000 positions evaporated
Summary
- It said that about $1.2 billion in forced liquidations occurred in the virtual asset market in one day.
- These liquidations were concentrated mainly in long positions, and major coins such as Bitcoin and Ethereum were affected.
- More than 300,000 traders suffered liquidations, and the largest single liquidation reached $20.42 million.
About $1.2 billion in forced liquidations occurred in the virtual asset (cryptocurrency) market in one day.
On the 18th (local time), Coinglass data cited by Cryptopolitan showed that over the past 24 hours a total of $1.19 billion (about 1.63 trillion won) worth of leveraged positions was liquidated. Most of these occurred in long positions.
In Bitcoin (BTC) alone, long positions worth $432.35 million were closed, and $269.51 million was liquidated in Ethereum (ETH). Solana (SOL) saw $89.64 million, and other major altcoins experienced a total of $101.84 million in liquidations. Ripple (XRP) and Hyperliquid (HYPE) recorded liquidations of $27.74 million and $26.71 million, respectively.
A total of 301,101 traders suffered liquidations, and the largest single liquidation was an ETH/USD position on the Hyperliquid exchange, amounting to $20.42 million.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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