Roughly $660 million worth of leveraged positions have been liquidated over the past 24 hours, according to data provided by CoinGecko. This happened during BTC's plunge below the $77,000 level.
Bullish traders attempting to catch the dip were caught off guard, with long positions taking a severe beating.
According to data from CoinGlass, the sudden crash liquidated a staggering 106,876 individual traders within the past 24 hours.
HOT Stories Bitcoin Crash Wipes Out $660 Million XRP's Volatility Risks Exploding, Dogecoin (DOGE) Uptrend Continues, Will Toncoin's (TON) Lifeline Support Save $2: Crypto Market Review
Earlier today, the flagship cryptocurrency reached an intraday low of $76,696.
E-mini Nasdaq-100 futures are currently in the red as well, which exerts more pressure on high-risk assets of the likes of Bitcoin and other cryptocurrencies.
Accelerating volatility
The vast majority of the damage occurred within a devastating 12-hour window that accounted for over $618.04 million in forced closures, with long positions taking a $569.88 million hit compared to just $48.16 million for shorts.
Over a full 24-hour period, the total wipeout reached $660 million. The bulls suffered the lion's share of the damage, with $589 million in long liquidations. For comparison, there was only $71.89 million in short liquidations.
You Might Also Like
Fri, 05/15/2026 - 00:01 Bitcoin (BTC) Says Goodbye to $80,000, Dogecoin (DOGE) Spikes 50% Hinting at New Rally, Toncoin (TON) Risks Losing $2: Crypto Market ReviewByArman Shirinyan
The four-hour window saw $24.32 million in total liquidations, and the one-hour window recorded $2.41 million.
Long positions absorbed nearly all of the impact, given that the market was skewed toward bullish sentiment following Bitcoin's most recent recovery.
Binance, the cryptocurrency giant that remains the undisputed leader in terms of trading volume, accounted for 45% of the total market liquidations.
Bybit, another important player, followed with $104 million in total liquidations, a 16% share of the market wipeout.
Notably, Bitget saw the highest concentration of long liquidations (96%).
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
