20.09.2025 15:41

According to internet sources, the cryptocurrency market has been rocked by significant liquidations in the last 24 hours, totaling a staggering $153 million. This event highlights the inherent risks associated with leveraged trading in the often-turbulent digital asset space.

Data aggregated from Coinglass reveals that short positions bore the brunt of the impact, accounting for $102 million of the liquidated funds, while long positions experienced $51 million in losses. Trading platforms such as Binance and Bybit played a central role in these high-volume transactions.

The two leading cryptocurrencies, Bitcoin and Ethereum, were particularly vulnerable. Over $17.6 million worth of Bitcoin (BTC) and nearly $17.9 million worth of Ethereum (ETH) positions were cleared during this period of heightened market instability. The overall Open Interest remains high, exceeding $220 billion and signaling substantial leverage is still in play.

While key figures in the crypto sphere have yet to release any formal statements, Coinglass has cautioned about the potential for further liquidations driven by "high leverage liquidity." Social media platforms reflect a general attitude of wary optimism among traders as they closely monitor evolving market conditions.

Despite the recent volatility, Bitcoin's market capitalization stands at $2.31 trillion, with a price of $116,108.64 as of September 20, 2025, according to CoinMarketCap. However, the 24-hour trading volume saw a notable decrease of nearly 38%, suggesting a pullback in activity amidst the market turbulence, and a small price increase of 0.33% in 24 hours.