21.06.2025 22:17
The cryptocurrency market experienced a period of intense volatility over the past 24 hours, characterized by substantial price drops across major cryptocurrencies and widespread liquidations. This downturn predominantly affected traders holding long positions, highlighting the risk inherent in leveraged trading.
Bitcoin (BTC), the leading digital asset, saw a modest decline, trading at $101,881.32 after a 1.42% drop over the previous 24 hours and a 0.65% decrease in the last hour. Ethereum (ETH), however, experienced a more significant fall, plummeting 4.48% over the past 24 hours and 3.84% in the last hour alone, settling at $2,301.69. Other prominent cryptocurrencies also suffered losses, including XRP, BNB, and Solana (SOL), all exhibiting notable declines over both the hourly and daily periods. Tether (USDT), a stablecoin, remained relatively unaffected, demonstrating minimal price fluctuation.
This market turmoil resulted in a massive wave of liquidations. A total of $562.10 million in liquidations were recorded over the past 24 hours, impacting a staggering 157,325 traders. The overwhelming majority of these liquidations, $515.92 million, stemmed from long positions, while short positions accounted for the remaining $46.18 million. The intensity of the liquidations varied across different timeframes: Within the last hour, liquidations totaled $376.61 million; over the previous four hours, this figure rose to $436.34 million; and within the past twelve hours, it reached $512.07 million. Across all timeframes, long liquidations significantly outweighed short liquidations.
The sheer scale of these liquidations was further underscored by the largest single liquidation event, a $9.15 million ETH-USDT trade on the HTX exchange. The current market conditions paint a picture of heightened volatility and a significant deleveraging event, especially impacting leveraged long positions. Prudence and caution are strongly advised for all investors navigating this turbulent landscape. Information was gathered from various internet sources.
