Crypto saw $458m in liquidations in 24 hours as Iran’s Gulf strikes and $110 oil triggered a brutal flush of overleveraged BTC and ETH longs led by a Hyperliquid whale.
Summary
- Total crypto liquidations hit $458 million in 24 hours, with $357 million of that from long positions and just $101 million from shorts, as 128,087 traders were wiped out.
- Bitcoin longs lost $138 million versus $24.3 million for shorts after BTC broke below $69,000, while Ethereum longs saw $82.6 million in liquidations as ETH briefly slipped under $2,100.
- A $10.8 million BTC-USD long on Hyperliquid was the day’s largest single liquidation, underscoring how the on-chain perps venue has become…
