Noor221

Summary:
2025 turned into a punishing year for many traders on Binance. A combination of sharp Bitcoin and Ethereum moves, extreme leverage, and sudden memecoin crashes produced repeated waves of liquidations from mass retail wipeouts to seven-figure losses by individual traders. Below I summarize who took the biggest hits, which coins caused the worst damage, and the structural takeaways for anyone trading on Binance today.
Big picture how bad was 2025 on Binance?
During acute sell offs in 2025 the market repeatedly produced hundreds of millions to over a billion dollars in liquidations over 24 hour windows. Binance’s own news feed highlights multiple days in which liquidations on the market measured in the high hundreds of millions and even over $1.3 billion during a single 24 hour episode. These flash events are the clearest indicator of how many traders were caught wrong footed by fast moves.
Who suffered the largest losses?
1. Heavily leveraged retail traders.
The largest category of pain was retail users who used extreme leverage on futures often 50x 200x and were liquidated when volatility hit. Public liquidation heatmaps and exchange reports show retail long and short liquidations frequently accounting for the bulk of the dollar value. Data aggregators such as Coinglass confirm the recurring pattern of large, exchange level liquidations.
2. Isolated seven figure individual liquidations.
Binance reported specific cases where individual traders lost more than $1 million in a single swing for example, a trader who reported a $1.52M liquidation after switching strategies amid volatility. Those episodes are a reminder that retail losses aren’t always small when leverage and position size combine, single account wipeouts can be enormous.
3. Funds and leveraged products tied to crypto price moves.
The sharp drawdowns also hit leveraged products and some institutional players indirectly for instance, leveraged ETFs and crypto adjacent equities saw steep losses when Bitcoin and ether swung violently. Media reporting notes that some crypto linked funds and equities lost large portions of value in 2025’s drawdowns.
Which coins caused the worst losses?
The pattern in 2025 was twofold: (A) major market cap coins causing big dollar liquidations, and (B) small cap meme coins causing catastrophic percent losses.
Bitcoin & Ethereum largest dollar losses.
Because BTC and still dominate open interest and margin exposure, when they moved sharply the result was the largest absolute dollar liquidations hundreds of millions across exchanges within short windows.Binance reports show large BTC/ETH liquidation totals on multiple crash days.
Memecoins and tiny altcoins largest percent losses.
Many speculative tokens collapsed 80%,99% in price on single days. Binance’s “top losing crypto” pages and market trackers repeatedly listed memecoins and low cap tokens with near total value destruction these coins inflicted huge percentage losses on holders, and because some traders used leverage on them, percentage collapses also translated into painful liquidations.
Short squeeze events and sharp rallies.
On the flip side, sudden surges liquidated large short positions hundreds of millions in shorts were liquidated in some multi hour squeezes, meaning both longs and shorts paid a price depending on the direction of the surprise move. Binance highlighted multi hour events where $200M of shorts were wiped out.
Biggest single events worth noting
Multi billion liquidation days (industry wide): October’s market collapse produced one of the largest recorded liquidation events industry analyses pointed to extremely large, historic liquidation totals during that episode. Those days cascaded risk across exchanges and products.

Frequent hundreds of millions days: Throughout November and early December 2025 there were multiple 24 hour periods with $200M $1.3B in liquidations reported by Binance and data providers telling us the market remained fragile and leveraged positions stayed large.
Why these losses happened summary.
Excessive leverage.Traders sizing positions too large for normal volatility.
Concentration of open interest in BTC/ETH: Big moves in the majors produce massive dollar liquidations.
Hype and illiquidity in small tokens.Meme and microcap tokens can lose nearly all value in minutes.
Cross market contagion.Rapid ETF flows, macro news, or liquidations on one exchange can cascade elsewhere.
Practical takeaways for traders
1. Use position sizing that survives a reasonable volatility shock not margin that blows up at the first big move.
2. Treat memecoins as high risk.their percent swings can be brutal and liquidity thin.
3. Understand funding and open interest: big skewed positions in either direction amplify risk.
4. Keep stop logic and a post trade review discipline many of the largest losses in 2025 were avoidable with smaller sizes or tighter risk controls.
Closing
2025 exposed how quickly unrealized profit can turn to realized pain on exchanges like Binance especially when leverage and illiquid tokens meet fast, directional volatility. The year’s message was clear: risk management mattered more than ever.
If you’d like, I can convert this into a shorter social media post, a 150 character comment, or a visual slide summarizing the biggest liquidation days and the top coins that caused them.
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Recently, Binance officially announced Binance Blockchain week Blockchain Week: HBinance Blockchain weekYi has been promoted to Co-CEO, Binance Blockchain week a dual-CEO structure with Richard Teng. At first glance, this sounds like a routine personnel adjustment, but if you look closer, it’s actually quite interesting—one is a product veteran who has been with the platform from the ground up, and the other is a hands-on expert in financial compliance.
There’s probably no need to introduce He Yi anymore, right? From co-founder to now, you could say she’s embedded user experience into the very core of the platform. Richard, on the other hand, is more skilled at dealing with regulators. In today’s environment, you really can’t get by without strong compliance capabilities.
The logic behind this move is actually pretty clear:
Product innovation can’t stop—users want practical tools, not flashy gimmicks
Compliance is a must—if you want to make it big and last, you can’t avoid regulation
Web3 infrastructure needs to keep up—slogans alone aren’t enough; you need real, on-the-ground solutions
Richard calls this “the natural evolution of our mission,” while He Yi responds with the goal of “building a bridge to financial freedom.” These sound like vague statements, but given the current state of the crypto market, they’re not just empty words.
To put it simply, the dual-CEO structure is all about balancing two things: maintaining an aggressive approach to product and innovation, while ensuring solid compliance and risk control. Whether they can actually reach their goal of a billion users remains to be seen, but at least they have a clear sense of direction.
Now, let’s see how they execute this combination strategy.

Recently, Binance officially announced Binance Blockchain week Blockchain Week: HBinance Blockchain weekYi has been promoted to Co-CEO, Binance Blockchain week a dual-CEO structure with Richard Teng. At first glance, this sounds like a routine personnel adjustment, but if you look closer, it’s actually quite interesting—one is a product veteran who has been with the platform from the ground up, and the other is a hands-on expert in financial compliance.
There’s probably no need to introduce He Yi anymore, right? From co-founder to now, you could say she’s embedded user experience into the very core of the platform. Richard, on the other hand, is more skilled at dealing with regulators. In today’s environment, you really can’t get by without strong compliance capabilities.
The logic behind this move is actually pretty clear:
Product innovation can’t stop—users want practical tools, not flashy gimmicks
Compliance is a must—if you want to make it big and last, you can’t avoid regulation
Web3 infrastructure needs to keep up—slogans alone aren’t enough; you need real, on-the-ground solutions
Richard calls this “the natural evolution of our mission,” while He Yi responds with the goal of “building a bridge to financial freedom.” These sound like vague statements, but given the current state of the crypto market, they’re not just empty words.
To put it simply, the dual-CEO structure is all about balancing two things: maintaining an aggressive approach to product and innovation, while ensuring solid compliance and risk control. Whether they can actually reach their goal of a billion users remains to be seen, but at least they have a clear sense of direction.
Now, let’s see how they execute this combination strategy.

Recently, Binance officially announced Binance Blockchain week Blockchain Week: HBinance Blockchain weekYi has been promoted to Co-CEO, Binance Blockchain week a dual-CEO structure with Richard Teng. At first glance, this sounds like a routine personnel adjustment, but if you look closer, it’s actually quite interesting—one is a product veteran who has been with the platform from the ground up, and the other is a hands-on expert in financial compliance.
There’s probably no need to introduce He Yi anymore, right? From co-founder to now, you could say she’s embedded user experience into the very core of the platform. Richard, on the other hand, is more skilled at dealing with regulators. In today’s environment, you really can’t get by without strong compliance capabilities.
The logic behind this move is actually pretty clear:
Product innovation can’t stop—users want practical tools, not flashy gimmicks
Compliance is a must—if you want to make it big and last, you can’t avoid regulation
Web3 infrastructure needs to keep up—slogans alone aren’t enough; you need real, on-the-ground solutions
Richard calls this “the natural evolution of our mission,” while He Yi responds with the goal of “building a bridge to financial freedom.” These sound like vague statements, but given the current state of the crypto market, they’re not just empty words.
To put it simply, the dual-CEO structure is all about balancing two things: maintaining an aggressive approach to product and innovation, while ensuring solid compliance and risk control. Whether they can actually reach their goal of a billion users remains to be seen, but at least they have a clear sense of direction.
Now, let’s see how they execute this combination strategy.