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$420 million liquidated in 24 hours! 130,000 people liquidated, largest single loss $8.5 million
[Bitpush] Another day of carnage. In the past 24 hours, total liquidations across the network reached $421 million, with longs wiped out for $350 million and shorts losing $71.18 million—looks like this dip hit leveraged bulls hard.
Breaking it down by token: Bitcoin longs were liquidated for $131 million, while shorts only lost $16.98 million, clearly a long squeeze. On the Ethereum side, longs lost $81.71 million and shorts were liquidated for $18.41 million—again, the bulls took most of the damage.
Worse yet, over 133,000 people were directly liquidated by the market in a single day. The craziest part: a single BTC contract on Hyperliquid was liquidated for $8.5 million—no idea which whale went all-in at the top.
High-leverage players definitely experienced the market’s ruthlessness this time. When volatility hits, it really can take you to zero in minutes.