Crypto Market Shake-Up: $514M in Liquidations
Update: 2025-12-11
Description
Crypto markets witnessed a major shake-up this week, with over $514 million in trading positions closed in 24 hours due to a sudden price drop. Most of these forced sales, around $376 million, were from traders betting on price increases, indicating their confidence before the market turned. The largest single loss was a Bitcoin position worth over $23 million on Hyperliquid. The majority of these liquidations occurred on Binance, Hyperliquid, and Bybit, accounting for about 72% of all forced sales. This imbalance suggests the market had become one-sided, with high open interest and funding rates, often leading to sharp corrections when price momentum slows down. While forced sales can exacerbate price drops, they are seen as a healthy way to clear out excessive risk and stabilize the market.
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