Heavy selling across crypto markets has led to widespread liquidations, with traders losing a total of over $1.16 billion (₱63 billion) in the past 24 hours. More than 250,000 traders saw positions forcibly closed, with long positions bearing the brunt of the damage.
Exchange Breakdown (Four-Hour Window)
- Bybit: $210.49 million total liquidations (98.11% long)
- Binance: $124.06 million (92.3% long)
- Gate: $59.48 million (95.82% long)
- OKX: $51.04 million (94.01% long)
Bitcoin and Ethereum were the primary drivers of the sell-off. Their numbers accounted for more than $220 million in liquidations combined. $BTC saw $121.23 million liquidated, while $ETH followed with $98.95 million.
Top Tokens by Liquidation Value (For the Past 24 Hours)
- $BTC: $415.82 million
- $ETH: $192.56 million
- $1000PEPE: $11.46 million
- $DOGE: $24.45 million
- $SOL: $42.03 million
These declines came after Israeli airstrikes on Iran heightened investor caution.
“Increased geopolitical risk has prompted a shift toward safer assets, with market participants anticipating near-term pressure on crypto valuations.”
Nick Ruck, Director, LVRG Research, via The Block
The crypto downturn also coincided with a spike in oil prices, with West Texas Intermediate crude climbing 7.23% to $72.98 per barrel.
This article is published on BitPinas: Massive Crypto Sell-Off Triggers $1.16 Billion in Liquidations
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