Crypto liquidations hit $1.19B in 24 hours; ETH's liquidation rate runs about 6x Bitcoin's
AI Market Summary
A $1.19B 24h liquidation wave—dominated by >$1B in longs—signals acute deleveraging and fragile risk appetite. ETH is the focal point: $356M liquidated vs BTC's $298M, and an ETH liquidation rate roughly six times BTC's on a market-cap basis, implying higher leverage concentration and volatility sensitivity. Macro rate anxiety, geopolitics, and AI-related warnings are cited as stressors; BTC's rebound triggered short-cover liquidations.
Impact level
● High
Affected assets
ETH/USDT-2.87%
AI Insight · ETH/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
The crypto market saw $1.19 billion in liquidations over the past 24 hours, with more than $1 billion coming from long positions, according to Odaily Planet Daily. Ethereum liquidations totaled about $356 million, exceeding Bitcoin's roughly $298 million; adjusted for market-cap share, ETH's liquidation rate was estimated at around six times that of Bitcoin.
Leveraged trading has been pressured by rate concerns, geopolitical risks, and AI-related warnings. Bitcoin later rebounded to around $82,200 after Donald Trump said an attack on Iran before the midterm elections was off the table. In the following four hours, liquidations came to about $25 million, largely from short positions, CoinDesk reported.
