Key Notes
- CoinGlass data shows that 308,750 traders were liquidated in the crypto industry.
- Their liquidations ran to the tune of $1.20 billion, with long traders affected the most.
- Bitcoin price is fast heading towards $100,000 amid cascading selloffs.
Over the last 24 hours, 308,750 traders were liquidated in the crypto industry and the total liquidations within this time came in at $1.20 billion.
These large liquidations are becoming a trend in the market. At this point, investors and traders are beginning to question the safety of their crypto investments.
Long Traders Impacted by Crypto Liquidations
CoinGlass liquidation heatmap for the last 24 hours shows that the largest single liquidation order happened on Hyperliquid
HYPE
$35.70
24h volatility:
8.9%
Market cap:
$9.67 B
Vol. 24h:
$881.62 M
, with ETH-USD worth about $20.42 million liquidated.
Collectively, the total crypto liquidations from the listed exchanges summed up to $1.2 billion.
Flagship cryptocurrency Bitcoin
BTC
$105 716
24h volatility:
5.0%
Market cap:
$2.11 T
Vol. 24h:
$109.05 B
led the liquidation at $414.55 million, with long traders being affected the most.
Precisely, short traders’ liquidations were valued at only $82.8 million, while long traders saw as much as $331.2 million in losses. Next was Ethereum
ETH
$3 785
24h volatility:
6.6%
Market cap:
$456.12 B
Vol. 24h:
$58.61 B
with $268.83 million: long traders at $198.79 million and short traders at $70.04 million.
Crypto market liquidations show more long trader offset. | Source: Coinglass
Solana
SOL
$180.7
24h volatility:
8.2%
Market cap:
$98.81 B
Vol. 24h:
$11.95 B
, Dogecoin
DOGE
$0.18
24h volatility:
8.1%
Market cap:
$27.68 B
Vol. 24h:
$3.98 B
, and XRP
XRP
$2.28
24h volatility:
7.0%
Market cap:
$136.23 B
Vol. 24h:
$8.69 B
were all impacted by the huge liquidations.
The prices of these digital assets are struggling to pull off a recovery since Donald Trump’s October 10 China tariff announcement.
After losing support from $126,000, the BTC price has been struggling to remain above $110,000. However, the situation has worsened, and it is now trading at $105,094.03.
Judging by this situation, it does not look like the worst is over. Crypto enthusiasts, traders, and investors would have to endure until the macroeconomic outlook, especially US-China tariffs and rate cuts, are well defined.
Best Wallet Presale Raises $16.5M with 80% Staking APY
Amid the broader crypto market shakeouts, Best Wallet is turning heads with its innovative platform. The wallet app has already raised $16.5 million in its presale and is generating buzz as one of the best ways to access upcoming crypto opportunities.
Users enjoy full control over their assets, bypassing banks and intermediaries, while earning up to 80% APY through staking rewards.
Current Presale Stats of Best Wallet
Current Price: $0.025805
Amount Raised So Far: $16.53 million
Ticker: BEST
Purchase Mode: Crypto and Card
Best Wallet is a gateway to the crypto ecosystem. Loyal users gain early access to the best crypto presales, community discounts on trading fees, and enhanced staking perks.
By participating in the ongoing presale, you can secure the BEST token and join a growing community positioned for the next wave of crypto growth. Check out our guide on how to buy Best Wallet so you can join the presale today.
next
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
Godfrey Benjamin on X
Source: https://www.coinspeaker.com/crypto-liquidations-top-1-2-billion-is-the-worst-over/
