Nearly $2 Billion Wiped Out in Crypto Liquidations Amid Brutal Sell-Off

The crypto market experienced nearly $2 billion in liquidations over the past 24 hours, as the total market capitalization dropped below $3 trillion for the first time in five months. Bitcoin (BTC) alone accounted for nearly half of the total liquidations, with traders betting on further upside taking the biggest losses during the latest wipeout. Major Liquidation Cascade Sweeps Crypto Market According to data from Coinglass, the cryptocurrency space has experienced another significant liquidation event. Over the past 24 hours, 391,164 traders were liquidated, pushing total liquidations to $1 source: https://beincrypto.com/crypto-market-liquidations-2025/