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The cryptocurrency market suffered one of its most violent deleveraging events in recent history over the last 24 hours, with over $2.2 billion in positions wiped out. The massive flush, which impacted more than 442,144 traders, comes as Bitcoin (BTC) plummeted over 10%, heading toward its steepest one-day decline since the FTX collapse in November 2022.
Key Details
- Total Liquidations: $2.12 Billion
- Long Positions Wiped: $1.84 Billion (87% of total)
- Short Positions Wiped: $272.10 Million
- Largest Single Order: Binance – BTCUSDT value $12.02M
A “Perfect Storm” of Macro and Technical Failures
The sell-off was not isolated to the crypto space. A “risk-off” sentiment swept through global markets, triggered by disappointing U.S. jobs data and mounting fears of an AI industry bubble. This “macro chill” saw traditional assets like Silver plunge 14% and Gold slide more than 2%.
In the crypto sector, the damage was compounded by thin liquidity. “When there is even modest sell pressure in this environment, it triggers a cascade of liquidations,” noted Adrian Fritz, chief investment strategist at 21shares.
Top Liquidated Assets
| Asset | 24h Liquidation | Price Change |
| Bitcoin (BTC) | $1.01 Billion | -14.16% |
| Ethereum (ETH) | $382.27 Million | -15.10% |
| Solana (SOL) | $100.31 Million | -15.13% |
| XRP (XRP) | $59.03 Million | -19.82% |
Strategy, Corporate Giants Feeling the Burn
The downturn has put massive pressure on “Bitcoin Treasury” companies. Strategy (MSTR) reported a staggering net loss of $12.4 billion for Q4 2025. With Bitcoin trading near $62,500, the company is now down roughly 17.5% on its total holdings of 713,502 BTC, which were acquired at an average cost of $76,052.
Despite the paper losses, Strategy CFO Andrew Kang remains defiant:
“Strategy has built a digital fortress… our capital structure remains stronger and more resilient today than ever before.”
Is the Bottom In?
While the carnage has been absolute, technical indicators are flashing “extreme oversold” signals. Bitcoin’s Relative Strength Index (RSI) has plunged to 17, a level seen only twice before in modern history: the 2018 bear market bottom and the 2020 COVID crash. Historically, these levels have preceded “multi-bagger” moves to the upside.
However, analysts warn that the 200-day moving average, which is currently sitting between $58,000 and $60,000, remains the critical support level to watch. A failure to hold $60,000 could open the door for a deeper correction toward $50,000.
Disclosure: AI has been used to assist in developing this story.
This article is published on BitPinas: Crypto Bloodbath: $2.1 Billion Liquidated as Bitcoin Spirals Toward $60,000
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