Over 200,000 Traders Liquidated as Market Experiences Massive $904M Purge in 24 Hours

TokenomicsTinfoilHat · 2025-12-26T22:00:57+00:00

A recent Coinglass report reveals $904 million in liquidations in one day, impacting over 206,571 traders, primarily from long positions. The largest single liquidation reached $39.24 million, highlighting risks in leveraged trading amid Bitcoin's $1.10B trading volume.

TokenomicsTinfoilHat

2025-12-26 22:00:57

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Market data from Coinglass reveals a significant liquidation event, with approximately $904 million in positions wiped out across the network within a single day. The scale of this cascade is particularly striking: more than 206,571 traders were liquidated globally, indicating widespread exposure across multiple market participants.

The liquidation breakdown shows long positions bearing the brunt of the selling pressure, with $818 million in bullish bets getting closed out. This suggests that traders holding upside exposure faced substantial forced exits, likely triggered by downward price movement.

The largest individual liquidation on record during this period occurred on HTX exchange on the BTC-USDT pair, reaching an eye-watering $39.2448 million in a single trade. Such concentrated liquidations underscore the risk dynamics present in leveraged trading, where whales or large positions can create cascading effects across the market.

For context, Bitcoin’s 24-hour trading volume stands at $1.10B, which provides perspective on the liquidation volume relative to normal trading activity. This data-driven snapshot illustrates the volatility traders continue to navigate in digital asset markets.

HTX0,72%

BTC0,3%

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