Over $840M in Crypto Longs Liquidated as BTC, ETH Lead Steep Market Decline
A sharp wave of liquidations swept across the crypto market over the past 24 hours, erasing more than $840 million in bullish bets and signaling renewed fragility in risk assets as macro fears take center stage.
Data from CoinGlass shows that Bitcoin (BTC) led the declines, triggering more than $322 million in long position liquidations as prices slipped below $77,000. Ethereum (ETH) was close behind, shedding 15% on the day and wiping out nearly $290 million in leveraged longs.
Altcoins fared even worse. Solana (SOL) and XRP were down as much as 14%, with combined liquidations exceeding $80 million. Mid-cap and small-cap tokens weren’t spared either, with broad-based declines of 10–20%, according to CoinGecko.
The sharp downside followed a period of aggressive long positioning, with nearly 86% of futures bets leaning bullish — a setup that amplified losses when prices turned south.
This surge in liquidations follows mounting concerns over President Trump’s tariff actions, which have rattled global markets and triggered a 5% slide in U.S. stock index futures. With traders scrambling for safe havens, even crypto — typically viewed as a hedge — hasn’t been immune.
Still, large-scale liquidation events often indicate oversold conditions, and some analysts suggest this capitulation phase could precede a near-term reversal, particularly if macro uncertainty stabilizes.
As the market digests the fallout from the latest policy shocks, eyes are now on whether bitcoin can reclaim key levels — or if further downside remains on the table.
