The post Crypto Liquidations Top $265 Million as Volatility Hits Short Sellers appeared on BitcoinEthereumNews.com.

The crypto market faced over $264.94 million in liquidations within 24 hours. USDT led centralized exchange inflows with $553 million. Bitcoin recorded $221 million in net outflows as prices surged past $95K. The crypto market witnessed volatility over the past 24 hours, with over $264.94 million in total liquidations, according to Coinglass. Notably, 119,551 traders were liquidated in the period. A Binance trader recorded the largest single liquidation order, with a $12.46 million hit on its BTCUSDT pair. Bitcoin led the liquidation figures, contributing $82.49 million, while Ethereum, Solana, and Dogecoin also faced heavy losses. Short Sellers Hit Hardest by Sudden Price Jumps Interestingly, traders betting against the market (short sellers) took the biggest hit this time. Around $179.25 million of the liquidated positions were shorts. That’s more than double the $86 million liquidated from long positions. This suggests that sudden upward price movements caught many bearish speculators off guard.  For context, Bitcoin surged past $95,000 yesterday after initially trading below $93,600 before retracing to $94,631. It has now surged by 0.93% in the past day. This volatility contributed to liquidation in shorts. Related: Bitcoin Season Reigns: Altcoin Index Flatlines Near Record Lows Which Exchanges Saw the Most Liquidations? Regarding platform-specific data, Binance remained at the center of liquidation activity. The exchange saw $5.57 million in total liquidations, reflecting its dominant position in global crypto trading. Bybit followed closely with $4.69 million in wiped-out positions, while OKX recorded $2.27 million. Other exchanges, including Gate.io and HTX, experienced smaller but notable liquidation volumes. The liquidation spike reflects a broader sense of unease among leveraged traders as the bull run is back, with bearish traders facing the heat. Money Moves: USDT Flows In, Bitcoin Flows Out of Exchanges While leveraged traders felt the pain, centralized exchanges experienced a significant inflow of fresh…

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Filed under: News - @ April 26, 2025 1:22 pm