Nearly $150 million in long cryptocurrency positions were liquidated in one hour as Bitcoin, Ethereum and XRP fell, with total daily liquidations exceeding $464 million.
Summary
- About $145 million worth of leveraged crypto longs were liquidated in two waves per hour, with Hyperliquid handling the largest order of $3.63 million.
- Total 24-hour crypto liquidations reached approximately $464 million across more than 137,000 traders, led by $66.5 million in Bitcoin and $33.8 million in Ethereum holdings.
- BTC fell 1.7%, ETH 2.8% and XRP 6.8%, while the broader crypto market lost 2.19% in value the day before alongside large ETF redemptions.
According to market data, nearly $150 million in cryptocurrency long positions were liquidated in one hour on Thursday, January 8, as Bitcoin prices fell.
Liquidations in crypto amount to $150 million
About $88.23 million in long positions were liquidated around 7 a.m. UTC, followed by about $57.02 million at 8 a.m., the data showed.
The Hyperliquid cryptocurrency exchange recorded the highest number of liquidations at $45 million, including the largest liquidation order worth $3.63 million, according to the figures.
The total number of cryptocurrency liquidations reached $464.44 million in the past 24 hours, affecting more than 137,000 traders, the updated data showed.
Bitcoin was responsible for $66.53 million in liquidations, almost double the $33.78 million that Ethereum recorded, according to the figures.
The liquidations followed a total daily net redemption of $486 million from US Bitcoin exchange-traded funds on the previous day, marking the largest single-day outflow since November 20, according to ETF data.
Bitcoin (BTC) fell 1.7% on the daily chart, while Ethereum (ETH) fell 2.8%. XRP (XRP), which recorded more than $6 million in liquidations during the same period, fell 6.8%.
According to market data, the broader cryptocurrency market fell 2.19% in value during the period.
