25.07.2025 00:26

Cryptocurrency markets experienced significant turbulence, resulting in nearly a billion dollars in liquidations over the past 24 hours. This dramatic market shift primarily impacted altcoins, with prominent players like XRP and Dogecoin suffering double-digit percentage drops.

Data from CoinGlass reveals the staggering scale of the event. A total of $967 million in cryptocurrency derivatives contracts were liquidated, a substantial portion stemming from long positions – bets on rising prices. This indicates a significant number of investors were caught off guard by the sudden downturn. Specifically, long positions accounted for approximately $829 million of the total losses.

The downturn affected various altcoins, with XRP and Dogecoin leading the decline, each experiencing approximately a 10% price drop. Surprisingly, Bitcoin remained relatively unaffected, showing only minor price fluctuations. This lack of Bitcoin involvement suggests that the recent liquidations might be a consequence of investors shifting capital away from alternative cryptocurrencies.

Ethereum experienced the highest volume of liquidations, totaling nearly $200 million. XRP followed closely behind with $115 million in liquidations, while Bitcoin, despite its price stability, still saw $84 million in liquidated contracts. Solana and Dogecoin rounded out the top five with $58 million and $56 million in liquidations, respectively. This data, sourced from internet resources, illustrates a concentrated sell-off impacting various segments of the cryptocurrency market.