Crypto Market Sees $289 Million in Leveraged Position Liquidations

Over the past 24 hours, crypto derivatives markets experienced roughly $289.7 million in forced liquidations, with long positions accounting for about 62% of the total. The unwind was led by Bitcoin and Ethereum, which alone saw about $126 million and $120 million liquidated respectively. Binance was the most active exchange, responsible for $7.8 million of liquidations (around 45% of the tracked volume), while Hyperliquid, OKX and other venues also reported sizable wipes.

The cascade affected more than 94,000 market participants, highlighting heightened leverage use across the sector. Altcoins such as Dogecoin, BNB, Solana and XRP also contributed notable liquidation amounts. In parallel, market sentiment on the Hyperliquid token slipped, with the probability of reaching $100 by the end of 2026 falling to 19%.

These events underscore the volatility inherent in leveraged crypto trading, where rapid price moves can trigger margin calls and accelerate price swings across major digital assets.