Bitcoin Liquidations Hit $15.44B as Leveraged Longs Unwind Across Crypto Market

A sweeping wave of forced liquidations ripped through crypto derivatives markets over the past 24 hours, with Bitcoin (BTC) alone seeing roughly $15.44 billion in positions wiped out—an event that traders framed less as a simple price dip and more as a rapid unwinding of overcrowded ‘leveraged long’ bets.

The liquidation shock was not confined to BTC. Ethereum (ETH) recorded an additional $10.15 billion in liquidations, while XRP (XRP) and Solana (SOL) saw about $2.80 billion and $3.11 billion, respectively. The breadth of the deleveraging across major assets suggests the move strained the…  Read more

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