Over $19 Billion in Leveraged Positions Liquidated in a Single Day, Setting a Crypto Market Record
2026-08-15 11:32
Odaily News, October 10-11, 2025: After US President Donald Trump announced a 100% tariff on Chinese imports, approximately $19 billion in leveraged positions in the crypto market were liquidated within 24 hours, affecting over 1.6 million traders, with long positions accounting for about $16.7 billion.
Open interest in perpetual contracts on major exchanges fell 43% in a single day, from $217 billion to $123 billion; Hyperliquid, a decentralized derivatives exchange, saw its open interest drop 57%, from $14 billion to $6 billion. Market makers estimate the actual liquidation volume may have reached $30 billion to $40 billion.
On January 20, 2026, $1.08 billion in positions belonging to over 182,000 traders were liquidated. On February 1, approximately $2.2 billion in positions were liquidated within 24 hours, with Ethereum, Bitcoin, and Solana accounting for $961 million, $679 million, and $168 million respectively, with longs representing about 80% to 85% of the total. (Bitcoin.com News)
Open interest in perpetual contracts on major exchanges fell 43% in a single day, from $217 billion to $123 billion; Hyperliquid, a decentralized derivatives exchange, saw its open interest drop 57%, from $14 billion to $6 billion. Market makers estimate the actual liquidation volume may have reached $30 billion to $40 billion.
On January 20, 2026, $1.08 billion in positions belonging to over 182,000 traders were liquidated. On February 1, approximately $2.2 billion in positions were liquidated within 24 hours, with Ethereum, Bitcoin, and Solana accounting for $961 million, $679 million, and $168 million respectively, with longs representing about 80% to 85% of the total. (Bitcoin.com News)
