Massive Liquidation Shocks Crypto Market, Ethereum Tops!

Updated

June 24, 2025

Gambar Massive Liquidation Shocks Crypto Market, Ethereum Tops!

Jakarta, Pintu News – The crypto market recently experienced a massive wave of liquidations that wiped out a total of $711.73 million in the last 24 hours. Ethereum was the most affected asset, followed by Bitcoin and Solana (SOL). This phenomenon demonstrates the high level of volatility in the crypto market, affecting both large and small assets.

Ethereum (ETH) Experiences the Largest Liquidation

Ethereum (ETH) recorded the largest liquidation totaling $300.32 million, almost half of the total liquidation that took place. This incident highlights the vulnerability of the market even on long-standing and large assets. A total of 133,280 Ethereum (ETH) units were liquidated, surprising many market participants due to the sharp drop.

Bitcoin (BTC) followed suit with over $154.24 million in liquidations. Although Bitcoin (BTC) is a widely used digital currency, the pressure it experienced shows that no asset is immune to crypto market volatility. The drop confirms that price fluctuations remain a major challenge for investors and traders.

Also Read: Robert Kiyosaki Suggests Buying Bitcoin Before the Global Monetary Collapse

List of Assets with Highest Liquidation

In addition to Ethereum (ETH) and Bitcoin (BTC), Solana (SOL) also saw a significant drop with liquidations reaching $32.05 million. While not as large as Ethereum or Bitcoin, this is indicative of the pressure the altcoin market is experiencing more broadly.

Ripple and Dogecoin were also among the top five assets with the highest liquidations, totaling $22.41 million and $11.25 million respectively. These liquidations reflect the volatility present in the market, affecting both major coins and meme tokens. This shows that the crypto market is still heavily influenced by speculation and rapid changes in investor sentiment.

Exchanges with the Highest Liquidation Volume

Bybit, Binance, and Gate were the three exchanges that recorded the highest volume of liquidations, with Bybit alone recording $310.76 million in liquidations. The largest liquidation occurred on the Ethereum (ETH)/Tether pair with a value of $712.23 million in a single order on HTX, another exchange that also experienced a large liquidation.

This phenomenon shows that despite the market’s heavy losses, trading activity remains high. This shows that many traders are still trying to capitalize on price movements for short-term gains, despite the high risks.

Conclusion: Crypto Market is Still Volatile

Although the crypto market has experienced massive liquidations resulting in significant financial losses, this has not stopped trading activity. A total of 178,403 traders have been liquidated in the last 24 hours, showing that the market is still very dynamic and full of speculation. This incident should serve as a lesson for market participants to be more cautious in making investment decisions.

Also Read: Important Warning from Binance CZ: Beware of Hacker Attacks!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.