The crypto market has gone through another sharp drop, with liquidations crossing $941 million in a single day. Most of the hit came from long positions, showing how heavily traders were leaning toward higher prices. Ethereum faced the biggest damage, followed by Bitcoin and Solana .
🚨 In the past 24 hours:
🔻 Over $275M in crypto futures liquidations.
👥 Nearly 990K traders wiped out.
⚖️ Losses split between Longs ($136.7M) & Shorts ($138.9M).
🔥 Largest single liquidation: $3.89M on Hyperliquid – XPL-USD.
📊 A volatile market hitting both sides hard.… pic.twitter.com/QuuCdU12Ya— Ghanem Alrawenet.eth (@alrawenet) August 27, 2025
For many investors, these dips are not just setbacks but fresh openings. They clear out excess leverage and reset the stage for stronger growth. Ethereum’s wipeout showed how offside traders had become, but it also highlighted the strong demand around the asset. Bitcoin and Solana followed similar moves, reminding us how volatile this market can be under global economic pressures.
Conclusion
The liquidation wave revealed the risks of leverage but also the opportunities it leaves behind. While Ethereum, Bitcoin, and Solana remain strong bets.
Also Read: Analysts Warns of Potential Pitfalls
