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Crypto Liquidations Cross $1 Billion in 24 Hours as Bitcoin Dips to $80,350
More than 180,000 traders were liquidated as forced selling spread across major tokens and short-term holders sent 55,600 BTC to exchanges at a loss.
- On Friday, crypto liquidations reached $1.1 billion after Bitcoin dropped to $80,350 on Bitstamp, marking the largest daily tally since August 21 when volatility triggered $1.3 billion in short liquidations.
- Short-Term holders sent 55,600 BTC to exchanges at a loss on Thursday, while reports emerged of the Treasury moving more than 12,000 BTC that it had previously confiscated.
- More than 180,000 traders were liquidated over 24 hours, including $940 million in long positions, as major crypto assets fell 3% to 5% with Ethereum near $2,400 and BNB around $720.
- Bitcoin briefly traded below $82,000 before reclaiming the level on Friday, though analyst Rekt Capital warned that a weekly close below $82,500 would push BTC back into its Macro Accumulation Range.
- Rising Treasury yields, a stronger dollar, and broader risk aversion may continue to pressure high-beta assets, while investors question whether BTC can withstand unstable Bitcoin ETF flows and a less favorable macro backdrop.
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XRP Takes a Modest 2.7% Share as Crypto Liquidations Cross $1B
XRP accounted for just 2.7% of total crypto liquidations as the derivatives market recorded $1.09 billion in forced position closures over 24 hours. The losses affected 180,837 traders across tracked exchanges, showing how quickly leveraged positions can suffer during sharp market moves. The largest single liquidation involved an ETH position worth $19.98 million on Hyperliquid.
Four days after the record high, the biggest liquidation cascade of crypto history began. Where do we stand one year after the crash? Source: BTC-ECHO BTC-ECHO
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