The crypto market’s single-day liquidation volume reached $2.98 billion, the eighth-largest liquidation event in history
According to Lookonchain’s latest monitoring data, over the past 24 hours, a total of 174,350 traders were liquidated in this storm, with the total liquidation amount reaching $2.98 billion—making it the eighth-largest liquidation event in cryptocurrency history.
Data shows that in this liquidation amount, more than $2.7 billion in short positions was concentratedly liquidated, forming a typical “short squeeze”行情. As a result, BTC briefly surged to just below the major $70,000 milestone;
According to Coinglass data, the largest single liquidation order in this market move occurred on the Hyperliquid platform, where a BTC-USD long position worth approximately $48 million was forcibly liquidated.
In this liquidation event, such a contrarian move is often triggered by a sudden shift in market sentiment or by major positive news, causing shorting forces to face a strong counterattack in the short term.
It’s worth noting that the forced liquidation of large numbers of short positions not only pushed prices up, but also further intensified market volatility, reflecting the current market’s sensitivity to sentiment and the high-risk nature of leveraged funds.
Overall, this liquidation event occurred during a period when market sentiment and leverage deleveraging were relatively sensitive. The forced liquidation of large amounts of leveraged capital not only exacerbated short-term price volatility, but may also lay the groundwork for subsequent rebound moves.
For investors who have experienced several bull-and-bear cycles, this kind of scenario is both familiar and sobering—constantly reminding market participants that while chasing returns, the importance of risk management cannot be overlooked.
#历史第八大清算事件
According to Lookonchain’s latest monitoring data, over the past 24 hours, a total of 174,350 traders were liquidated in this storm, with the total liquidation amount reaching $2.98 billion—making it the eighth-largest liquidation event in cryptocurrency history.
Data shows that in this liquidation amount, more than $2.7 billion in short positions was concentratedly liquidated, forming a typical “short squeeze”行情. As a result, BTC briefly surged to just below the major $70,000 milestone;
According to Coinglass data, the largest single liquidation order in this market move occurred on the Hyperliquid platform, where a BTC-USD long position worth approximately $48 million was forcibly liquidated.
In this liquidation event, such a contrarian move is often triggered by a sudden shift in market sentiment or by major positive news, causing shorting forces to face a strong counterattack in the short term.
It’s worth noting that the forced liquidation of large numbers of short positions not only pushed prices up, but also further intensified market volatility, reflecting the current market’s sensitivity to sentiment and the high-risk nature of leveraged funds.
Overall, this liquidation event occurred during a period when market sentiment and leverage deleveraging were relatively sensitive. The forced liquidation of large amounts of leveraged capital not only exacerbated short-term price volatility, but may also lay the groundwork for subsequent rebound moves.
For investors who have experienced several bull-and-bear cycles, this kind of scenario is both familiar and sobering—constantly reminding market participants that while chasing returns, the importance of risk management cannot be overlooked.
#历史第八大清算事件