Crypto liquidations topped $1 billion over 24 hours, according to CoinGlass data cited by Blockchain Reporter, as a late Thursday sell-off hit leveraged traders hardest.
More than $940 million of the total came from long positions, and over 180,000 traders were affected. Ether liquidations of about $345 million exceeded Bitcoin’s roughly $262 million, even though Bitcoin is far larger by market value.
What Drove the Crypto Liquidations
Ether fell about 3% to near $2,490, while Bitcoin slipped about 1% to around $82,400 after dipping below $83,000 during the session. The report says Federal Reserve minutes showed most officials expected another rate hike before year-end, and a report that the Pentagon was preparing for renewed combat in Iran pushed oil higher.
Analysts say Ether was hit harder because leverage had built up in the smaller asset during a range-bound week, and thinner markets amplified forced selling. The flush was still far smaller than the record $19 billion liquidated on October 10, 2025.
This article is for information only and is not financial advice.
Source: Blockchain Reporter
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