Statistics: The nominal amount of liquidations across the entire network this year has reached $150 billion, and the "1011" crash has systemic significance.

GateUser-6433627c · 2025-12-26T08:07:30+00:00

By 2025, the total forced liquidation amount across the entire network for long and short positions is approximately $150 billion, with an average of $4-5 billion per day. This reflects the normal adjustments under high leverage, with extreme events such as the deleverage in October having a significant impact.

GateUser-6433627c

2025-12-26 08:07:30

Abstract generation in progress

On December 26, according to Coinglass data, within 2025, the total nominal amount of forced liquidations across the entire network for long and short positions is approximately $150 billion, corresponding to an average daily normal leverage shuffle of about $4–5 billion. On most trading days, the scale of long and short liquidations remains in the range of tens of millions to hundreds of millions of dollars, mainly reflecting daily margin adjustments and short-term position closures under high leverage environments, with limited medium- and long-term impact on prices and structure. The truly systemic pressure concentrates on a few extreme event windows, among which the deleveraging event from October 10 to October 11 in mid-October is the most typical.

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