On February 21, 2026, crypto derivatives traders saw $102 million in leveraged positions liquidated within 24 hours. Short positions bore the brunt with $74.11 million, more than double the $27.5 million in long liquidations. Over 56,000 traders were caught out during this period. The largest single liquidation was an $8.5 million SOL-USD position on Hyperliquid, a decentralized derivatives exchange. This event highlights the risks of leveraged trading in an asset class known for volatility.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
