More than $1 billion in crypto positions were wiped out over the past 24 hours, as bitcoin dropped below the $99,000 mark for the first time in over six weeks.
Crypto Traders Hit Hard: 240,000 Liquidated in $1B Flush
Crypto markets faced intense pressure Sunday as more than $1.03 billion in leveraged positions were liquidated over the last 24 hours, according to Coinglass liquidation data. The sharp reset followed bitcoin’s slide below $99,000—a level it hadn’t breached in 46 days.
Source: Coinglass liquidation stats 24-hours on June 22, 2025.
Data shows the largest single liquidation occurred on HTX, involving a BTC- USDT trade worth $35.45 million. Ethereum led the day’s flush with $373.75 million in total liquidations, followed by bitcoin at $321.79 million. Of that total, over $287 million in BTC longs were wiped off the slate.
Other top casualties included solana ($46.51 million), XRP ($35.83 million), and a mix of smaller tokens totaling $96.27 million combined. Out of the $1.03 billion total, $921.39 million came from long positions, with only $108.75 million from short traders.
Across the previous 12 hours, $409.63 million was cleared, and in the past 4 hours alone, another $350.43 million in longs and shorts was erased—highlighting fast-paced volatility in crypto markets this weekend.
Coinglass derivatives market stats show roughly 240,979 trades were liquidated overall. The dominance of long position losses suggests traders had positioned for upside before the drop, only to get caught offside as markets reacted swiftly to geopolitical and macroeconomic tension. By 12:51 p.m., BTC was back above the $99,000 range at $99,523 per coin.
