Crypto markets suffer a brutal $1.08b long wipeout as 182k traders are liquidated in 24 hours.
Summary
- Over 182,000 traders were liquidated in 24 hours, with total forced closures reaching $1.08 billion, almost entirely from long positions.
- Bitcoin and Ethereum longs saw hundreds of millions wiped, while derivatives venues like Hyperliquid, Bybit, Binance, and Bitget logged heavy liquidation flows.
- Altcoins now trade with daily RSI below 50 as BTC hovers near the high-$89k area and ETH around $2,960, underscoring broad, leverage-driven market stress.
A brutal deleveraging ripped through crypto markets on Jan. 20, wiping out more than $1 billion in leveraged bets and…
