#اخبار_الكريبتو_العاجلة #اقتصاد_رقمي #عملات_رقمية #wct $SOL
Positions in cryptocurrencies worth over 584 million dollars have been liquidated, 87% of which were long-term buying positions speculating on the rise that fell into the leverage trap.
Bitcoin and Ethereum topped the list of losers with positions liquidated worth 174 million dollars and 189 million dollars respectively, with prices sharply declining from key support levels. A loss of 584 million dollars from excessively leveraged long buying positions.
On Monday, the digital asset market experienced a liquidation event that resulted in over $584 million in losses from leveraged trading positions across major cryptocurrency trading platforms worldwide. This sudden collapse surprised nearly 182,000 traders, with bullish bets suffering the largest losses in the constrained trading market. The price of Bitcoin collapsed concurrently with the stocks of companies linked to cryptocurrencies and artificial intelligence technology firms, revealing how recent market gains were largely built on borrowed funds.
Overcrowded buy positions lead to successive liquidations.
The wave of liquidations disproportionately affected bullish traders, as buy positions accounted for 87% of total losses, according to market tracking data collected on Monday. Bitcoin alone saw forced liquidations worth over $174 million, while Ethereum liquidations reached 189 million, with prices dropping below critical support levels. The largest liquidation occurred on the Binance platform, where a Bitcoin position worth $11.58 million was forcibly sold during the sell-off.
Three major platforms, namely Binance, Bybit, and Hyperliquid, handled about 75% of the total liquidations, which are the platforms where leveraged trading has been concentrated recently. The data provided by Hyperliquid was particularly interesting, as 98% of the liquidated positions were buy bets, indicating how traders were concentrated in buy positions.
The price drop had no significant key triggers, suggesting that its movement was driven by excessively leveraged positions rather than a genuine decline in cryptocurrency markets. The price drop was significant enough to trigger automated stop-loss orders and margin calls, then prices stabilized, a phenomenon known among traders as liquidity exhaustion.
Alternative cryptocurrencies experienced smaller but significant liquidations, with Solana recording forced closures worth $34.5 million, while both XRP and Dogecoin faced losses of around $15 million. Market analysts note that the concentration of losses in major cryptocurrencies indicates that institutional investors suffered hefty losses, not individual traders.
The prices of spot cryptocurrencies did not witness further sharp declines despite the large liquidations, indicating that it was more related to excessively leveraged positions rather than a fundamental shift in market sentiment. However, the repeated liquidations in the face of bullish positions signal a deterioration in market structure, which may continue until speculative conditions stabilize and natural demand returns to the market.
