Stress in crypto markets intensified after a sharp leverage unwind triggered widespread forced selling. Liquidation data showed pressure building over a short period, adding to the volatility already present this week.
In the past 24 hours, 181,570 traders were liquidated, , with the total reaching $1.07 billion. Long positions accounted for most of the damage, with $998.33 million wiped out, compared with $71.39 million in short liquidations.
Bitcoin and Ether dominated the sell-off. Bitcoin liquidations totaled $440.19 million, while Ether saw $392.38 million. Other tokens together recorded about $52.60 million in losses, reflecting more limited exposure outside the two largest assets.