💥 Over $800 Million Liquidated Yesterday: Altcoins Lead the Wipeout Wave
#CryptoFundsOnTheMove #liquidation #IfYouAreNewToBinance
Yesterday’s crypto market experienced significant liquidations, with two different reports offering varying totals:
📉 Network-Wide Figures
Bitget (via ChainCatcher / Coinglass data) reported that within the past 24 hours, total contract liquidations across futures and margin markets reached $419 million, split between:
$201 million in long positions
$217 million in short positions
This included roughly $59.8 million in BTC liquidations and $130 million in ETH MEXC
Approximately 137,500 traders were forcibly liquidated, with the single largest liquidation hitting about $3.1 million on a BTC/USDT trade
🚨 Higher Estimate from XT
XT.com reported an even more dramatic figure: over $822 million wiped out in 24 hours, with the majority (~65%) attributed to five key altcoins—Ethereum, Solana, XRP, SUI, and SEI .
✅ Summary Table
SourceTotal LiquidationsLongsShortsNotesBitget$419 M$201 M$217 MBTC: ~$60 M, ETH: ~$130 M; 137,500 tradersXT.com$822 M+——Altcoin heavy, ~65% from ETH, SOL, XRP, SUI, SEI
⚖️ Takeaway
Depending on the data source, yesterday’s market liquidation ranged between $400–800 million.
Bitget’s figures reflect a more conservative and token-specific breakdown, while XT highlights a broader estimate with a heavy altcoin influence.
Clearly, leveraged positions were significantly liquidated—worth monitoring to gauge potential short-term market reversals or volatility.
