From The Economic Times · Bloomberg · · 1m
Bitcoin liquidations hit $1.3bn
Bitcoin liquidations reached $1.3 billion in a single 24-hour session, marking a record spike in market wipeouts.
In brief
Bitcoin liquidations reached $1.3 billion in a single 24-hour session, marking a record spike in market wipeouts. Bitcoin liquidations exceeded $1 billion three times in the past year, with a $1.3 billion wipeout on Friday. Originally reported by The Economic Times.
Bitcoin liquidations surge
Bitcoin liquidations have topped $500 million on 13 occasions over the past year, including three instances exceeding $1 billion.
Friday liquidation event
Friday triggered $1.3 billion in liquidations, with Bitcoin positions accounting for the majority of the sum.
Market fragility factors
ETF outflows, AI-fueled risk-off mood, and the $6 billion Binance hack contribute to market fragility.
Bitcoin price drop
Bitcoin fell as much as 5.4% to $67,600, its lowest level since August.
Leveraged trading risks
Crypto investors using leveraged bets face intensified wipeouts from market-moving macro headlines.
Derivatives dominance
Derivatives account for roughly three-quarters of trading volume across crypto markets.
Market stability concerns
Some analysts caution that large liquidations reflect leverage distribution, not underlying asset fragility.
In short
Bitcoin liquidations exceeded $1 billion three times in the past year, with a $1.3 billion wipeout on Friday.
