💥 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.

$WCT

$WCT