Crypto markets saw $1.19 billion in liquidations over the past day as traders were caught overleveraged during a sharp downturn. Nearly 90% of the liquidations came from long positions, leaving more than 260,000 traders at a loss, CoinGlass data showed.
Ether absorbed the heaviest impact with $448 million in liquidations, followed by Bitcoin at $278 million. Solana, XRP, BNB, and Dogecoin also suffered tens of millions in forced closures.
The single largest liquidation came on Hyperliquid, where a $29.1 million ETH-USD long was closed. Bybit led in overall liquidations with $311 million, but Hyperliquid followed at $281 million — surpassing Binance’s $243 million. The figures underscore how decentralized perpetual exchanges are drawing larger volumes and higher risk.
