The Largest Single-Day Liquidation Event in Crypto History

In the past 24 hours, the cryptocurrency market experienced the largest single-day liquidation in its history. A total of 1,659,381 traders were liquidated, resulting in losses of $19.29 billion.

The largest single liquidation took place on the Hyperliquid exchange, involving the ETH-USDT pair valued at $203.36 million. This record event reflects the high leverage and volatility driving current market conditions.

The liquidation wave caused a widespread sell-off across the entire crypto market. Terra Classic (LUNC) was among the most affected, falling sharply to $0.00016 from $0.00054 as panic selling spread.

Analysts attribute the liquidations to sharp price swings in major assets like Bitcoin and Ethereum, which triggered automatic margin calls and a chain of forced sell-offs.

As the market searches for stability, many are watching to see if this historic liquidation signals a deeper correction or a short-term reset in overleveraged positions.