BIG BREAKING: A $2 Billion Shakeout Hits Crypto Markets

In a dramatic turn for global markets, more than $2 billion in long positions were liquidated within the last 24 hours, sending shockwaves across the digital-asset landscape.

This single-day wipeout surpasses the intensity of the COVID-19 market crash and even the infamous FTX collapse, marking one of the most severe liquidation events in recent crypto history.

Analysts say the sudden volatility exposed the market’s heavy reliance on leverage, triggering a cascade of forced sell-offs as prices dipped sharply across major assets. Traders who were overexposed felt the full weight of the downturn, while liquidity pools struggled to keep up with the rapid-fire liquidation flow.

As the dust settles, one thing is clear:

the crypto market’s risk engine is still capable of delivering shocks of historic scale.

More analysis to follow as the market recalibrates.