Ethereum leads crypto liquidation spree with $617M losses in 24 hours
The cryptocurrency market suffered one of its worst liquidation events in history, wiping out over $2.24 billion in the last 24 hours amid escalating global trade tensions. Ethereum (ETH) took the hardest hit, leading the liquidation spree with $617.35 million, followed by Bitcoin (BTC) at $418.20 million. Other altcoins also faced sharp declines, with a combined $441.18 million in liquidations, amplifying the market’s downward spiral. Cryptocurrency liquidation heatmap. Source: CoinGlass Mass liquidations trigger market-wide panic According to data from CoinGlass , 746,711 traders were liquidated, marking one of the most severe wipeouts in crypto history. The largest single liquidation order was recorded on Binance’s ETH/BTC trading pair, valued at $25.64 million. Picks for you Is Bitcoin headed below $90,000 amid Trump’s tariffs?...