BTC, ETH, XRP , SOL News: Traders Lose Over $1B in 24 Hours as Longs Get Crushed

A sharp drop in Bitcoin's price from $112,000 to below $106,000 on Monday triggered a major liquidation wave, erasing over $1.27 billion in leveraged futures positions across crypto markets. Long traders, who were betting on price increases, accounted for nearly 90% of these liquidations, totaling more than $1.14 billion, while shorts saw only $128 million wiped out. The forced closures, amplified by thin order books, occurred after Bitcoin was rejected above $113,000. Major liquidations were seen on Hyperliquid ($374 million), Bybit ($315 million), and Binance ($250 million), with the single largest being a $33.95 million BTC-USDT long on HTX. Such events often clear leverage, but traders remain cautious ahead of the Federal Reserve's rate decision, as open interest remains high near $30 billion. Ethereum and Solana also experienced significant liquidations exceeding $300 million combined.

(Source：CoinDesk)