Crypto Meltdown: $9.5 Billion Liquidations Shake the Market — Binance, Coinbase & Robinhood Go Down
A brutal sell-off has sent shockwaves through the crypto world — wiping out $9.5 billion in liquidations within hours and crashing major exchanges like Binance, Coinbase, and Robinhood.
Bitcoin tumbled nearly 7%, Ethereum plunged 12%, and top alt coins like Cardano and Dogecoin were hammered with losses over 20%.
What Triggered the Chaos
A chain reaction of forced liquidations hit as leveraged traders rushed to cover positions during one of the sharpest intraday drops of 2025.
Trading volumes exploded so fast that even top exchanges buckled — Binance confirmed “system degradation,” while Coinbase warned users of delays and latency. Robinhood users also reported frozen trades and unresponsive charts.
The Numbers That Broke the Market
According to Coinglass, $8 billion of long positions were wiped out — compared to just $1.5 billion in shorts — showing that overleveraged bulls took the biggest hit.
A Trading view heatmap painted the market blood-red:
$BTC : -6.9%
$ETH : -11.9%
SOL, XRP, BNB: Double-digit slides
$ADA : -23.7%
DOGE: -22.7%
Why It Happened
Analysts point to a perfect storm — renewed U.S.–China trade tensions, a risk-off shift in global markets, and heavy profit-taking after months of ETF-driven optimism.
Retail traders voiced outrage online, accusing exchanges of halting access just as prices hit “buy-the-dip” levels — though such outages are common during extreme volatility.
What It Means for the Market
While the crash triggered panic, some analysts see it as a healthy reset after months of overheating. The flush-out could pave the way for stronger accumulation zones, especially if macro fears cool off.
Bottom Line:
Crypto just faced one of its most violent shakeouts of the year. Exchanges cracked under pressure — but markets like Bitcoin may emerge leaner, stronger, and ready for the next leg.
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