Crypto bloodbath sees $19B in leveraged positions erased
Key Takeaways
- Over $19 billion in leveraged crypto positions were liquidated in 24 hours, marking the largest single-day wipeout in digital asset history.
- Bitcoin and Ethereum long positions were hardest hit, with over 1.6 million traders affected across major exchanges.
Roughly $19 billion in leveraged crypto positions were liquidated following a brutal sell-off that sent Bitcoin tumbling to $102,000. It was the largest single-day wipeout ever recorded in digital asset markets, according to CoinGlass data .
Most of the liquidations came from long positions, which totaled $16.6 billion in losses, compared to $2.4 billion for shorts.

Over 1.6 million crypto traders were liquidated across major exchanges, with Bitcoin and Ethereum long positions severely impacted during Friday’s US trading sessions.
The liquidation cascade was triggered after President Donald Trump proposed a massive tariff increase on Chinese imports, followed shortly by an announcement of a 100% tariff on Chinese goods in response to China’s planned export restrictions on rare earth minerals.
Bitcoin plunged from above $122,000 to around $102,000 on the news. Ethereum dropped below $3,500, while smaller-cap altcoins saw double-digit losses amid evaporating liquidity.
At the time of writing, Bitcoin traded above $113,000 after recovering from earlier lows but remained below its daily high of $122,500, according to CoinGecko data.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana Reclaims the No.1 Spot in 24-Hour DEX Volume
Quick Take Summary is AI generated, newsroom reviewed. Solana DEX volume surpassed Ethereum and Binance in 24-hour trading, reclaiming the top spot. The surge was driven by rising meme coin activity, liquidity, and high-speed trading demand. The surge was driven by rising meme coin activity, liquidity, and high-speed trading demand. The network’s growth signals a strong shift in DEX market leadership toward faster, more efficient chains.References 🚨BREAKING: SOLANA FLIPS ETH AND BINANCE IN 24H DEX VOLUME
Grayscale files SEC Form 10 for TAO Trust, shortening private placement holding period to 6 months
Analysis: Garrett Bullish, formerly of BitForex, still holds 46,295 BTC
Trending news
MoreCrypto prices
More








