$1.134B Liquidated in 24 Hours — Longs Bear the Brunt, Hitting a 2025 High

According to Coinglass, the crypto market saw $1.134B in liquidations over the past 24 hours:

Longs: $974M (85.9% of total)

Shorts: $159M

This sets a new record for long liquidations this year. A total of 217,724 traders were liquidated globally, with the largest single liquidation hitting $21.43M on BTC-USD (Hyperliquid).

The extreme one-sided long liquidation followed Powell’s hawkish speech, as Bitcoin plunged from around $113K to $107,957, dropping over 4% and wiping out many highly leveraged long positions.

Technical snapshot:

Bitcoin now oscillates between $108K–$110K.

Trading volume has shrunk, showing a standoff between bulls and bears.

Support at $108K is key; holding it could trigger a rebound to $112K–$113K.

If $108K breaks, a faster drop to $105K–$106K may occur, risking another wave of liquidations.

On-chain insight: Long-term holders sold 325,600 BTC in the past 30 days, the largest monthly reduction since July, signaling a generational shift in market structure.

Short-term rebound possible, but caution is needed as the market digests extreme liquidation events.

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