Over 63,000 crypto traders were liquidated in the past 24 hours with approximately $195.59 million in total value wiped out. Long positions accounted for $110.14 million of those losses, while shorts contributed $85.46 million. The largest single liquidation order reached $23.35 million on the Hyperliquid platform. This day falls below the 2025 daily average of $400 million to $500 million in the crypto derivatives market. The nearly even split between long and short liquidations suggests a choppy, indecisive market rather than a strong directional move that caught consensus positioning off guard.
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