Crypto Liquidations Hit $1B in 24h

  • $1B+ wiped out in 24h crypto liquidations

  • Long positions dominated losses, $943M liquidated

  • Likely volatility ahead for traders and prices

Crypto Liquidations Surge

In the past 24 hours, the cryptocurrency market experienced a major shake-up with over $1 billion in liquidations—marking one of the sharpest resets in recent memory. Of that massive amount, $943.31 million came from long positions, meaning traders who bet on prices rising were disproportionately affected.

Liquidations occur when traders using margin can’t meet maintenance requirements, prompting forced closure of their leveraged positions. When prices reverse sharply, it triggers cascade effects—margin calls, auto‐liquidations, and often deeper market drops. This recent event drove just such a chain reaction.

Why Longs Took the Biggest Hit

Long positions were hit hardest during this liquidation wave. This suggests prices dropped significantly enough to break traders who anticipated gains. The key question now is whether we’ve hit a local bottom or are tracking toward further declines.

A few triggers likely fueled this move:

  • Macro pressure in traditional markets seeping into crypto

  • Regulatory headlines, possibly unsettling investor sentiment

  • Technical sell‐off, where falling prices triggered stop orders

Together, these factors likely exacerbated the plunge and drove long liquidation to new highs.

UPDATE: Over $1 billion were liquidated in the last 24 hours, with $943.31M from long positions. pic.twitter.com/VllxE4f3KM

— Cointelegraph (@Cointelegraph) June 13, 2025

What’s Next for Traders & Markets

Following this event, volatility is expected to stay elevated. Here’s what traders should watch:

  • Support zones: key price levels where buyers might step in

  • Open interest changes: dropping interest suggests capitulation

  • Funding rates: if negative, short-punishing conditions could shift

  • Macro signals: US inflation data or Fed comments might reignite moves

Traders may want to adjust risk, consider scaling into potential bounce zones, or avoid chasing recovery too quickly.

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