According to , more than $1 billion of Bitcoin short positions were liquidated in roughly one hour, while Bitcoin shorts reached approximately $1.42 billion over the full day.
Total liquidations approached $3 billion across 172,108 traders. Shorts represented roughly 92% of the total, compared with about $257 million in long liquidations.
Ethereum contributed another $1.13 billion in liquidations, while Solana accounted for approximately $104.67 million. The largest single liquidation was reportedly a $48.8 million Bitcoin position on Hyperliquid.
The scale even exceeded the $2.47 billion in short liquidations recorded during the October 10, 2025 market crash, although total liquidations during that event reached roughly $19 billion.