23.06.2025 00:00

A massive cryptocurrency market liquidation event has erased over $711 million in the last 24 hours, highlighting the market's significant volatility. Ethereum experienced the most substantial losses, with liquidations totaling $300.32 million – nearly half the overall figure. This unprecedented downturn underscores the current market instability, affecting even the most established cryptocurrencies.

The impact wasn't confined to Ethereum. Bitcoin followed closely behind, suffering liquidations exceeding $154.24 million. This demonstrates that even the most widely adopted digital currency remains vulnerable to the market's unpredictable swings. Adding to the widespread turmoil, Solana also experienced a notable decline, with approximately $32.05 million in liquidations, indicating stress within the broader altcoin market.

This dramatic shift resulted in over 178,000 traders facing liquidations within a single day. Major exchanges like Bybit, which saw $310.76 million in liquidations, and Binance were significantly impacted. The top five assets experiencing the highest liquidation volumes were Ethereum, Bitcoin, Solana, XRP, and Dogecoin, showcasing the pervasive nature of the downturn across both mainstream and meme tokens. XRP recorded $22.41 million in liquidations, while Dogecoin saw $11.25 million wiped out, further emphasizing the volatility affecting the entire crypto landscape. The high liquidity available on several exchanges exacerbated the situation, contributing to substantial trader losses. These figures, sourced from internet resources, paint a stark picture of the current state of the cryptocurrency market.