1.2 billion USD liquidated in 24 hours — Over 300,000 traders vanished

2025-10-17 09:16:31

In the past 24 hours, the crypto market has witnessed a liquidation worth 1.2 billion USD, affecting over 307,500 traders. The main reason is the strong volatility of major coins causing many leveraged positions to be automatically sold. The largest case is the Ethereum (ETH) position worth 20.4 million USD on the Hyperliquid platform, indicating high risk when using leverage during a volatile market.

Experts believe that this event reflects the fragility of the derivatives market, where excessive leverage can quickly lead to large-scale liquidations, affecting investor sentiment and increasing the volatility of Bitcoin, Ethereum, and many other altcoins.

ETH-0.66%

BTC-0.13%

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