Crypto Liquidations Exceed $712 Million in 24 Hours

• Lyla Velez
• May 31, 2025
• Uncategorized
• 0 Comments

Crypto liquidations surpassed $712 million over the past day across major derivatives exchanges like Binance, Bitmex, OKX, and Bybit, according to CoinGlass data.

This event underscores the volatility in crypto markets and affects major cryptocurrencies like Bitcoin and Ethereum amid high-leverage trading activities.

Market Impact

Major exchanges experienced significant liquidation events, with over $712 million in digital assets affected within 24 hours. CoinGlass tracked these activities on platforms like Binance and OKX, highlighting the scope of market volatility not seen since prior high-volatility periods.

The liquidations involved both long and short positions, predominantly impacting Bitcoin, Ethereum, and Dogecoin. While exact figures for each currency are yet to be released, historical patterns suggest substantial Bitcoin losses.

“Over the past 24 hours, liquidations have surpassed $712 million, as validated by CoinGlass’s real-time heatmap and liquidation data feeds.” – CoinGlass Data Team, Analysts, CoinGlass

This event leads to heightened risks for leveraged traders on futures exchanges. Affected platforms have not issued specific statements but are closely monitored by the trading community. Bitcoin experienced sharp sell-offs noted by CoinGlass’s tracking tools.

Previous high-market volatility scenarios have seen liquidation amounts as large as $2 billion. The current event draws parallels, particularly affecting BTC, ETH, and leveraged altcoins on futures platforms. Insights from historical data suggest a potential increase in future market volatility. Regulatory attention might also increase if liquidations continue at this pace, although no current regulatory changes have been initiated.

For insight into market trends, CoinGlass provides a Long/Short Ratio for Cryptocurrency Traders.