4-8-2025 – The cryptocurrency market saw $135 million in liquidations over the past 24 hours, driven by sharp price volatility, according to data from Coinglass. Ethereum led with $41.08 million in liquidated positions, followed by Bitcoin at $29.8 million. Short positions bore the brunt, with $106 million wiped out, compared to $28.87 million for longs, signaling a market caught off-guard by sudden price swings.
This liquidation wave reflects heightened uncertainty in the crypto space, as traders betting on price declines were hit hardest. Ethereum’s significant losses align with its recent price fluctuations, while Bitcoin’s liquidations underscore ongoing market sensitivity to macroeconomic signals, including recent U.S. tariff announcements and weaker-than-expected economic data. Major exchanges like Binance and OKX reported substantial liquidation volumes, highlighting the scale of leveraged trading activity.
