From April 6 to 7, 2025, the price of Bitcoin sharply fell below the $77,000 mark, leading to significant losses in the cryptocurrency market. Within a day, the asset dropped by over 8%, and the value of other cryptocurrencies also decreased considerably.
This is reported by Business • Media
In light of this, the total volume of liquidations in the crypto market reached over $1.02 billion within 24 hours. Positions of 327,198 traders were liquidated, including approximately $876 million in long positions and over $140 million in short positions. The highest liquidations were recorded in pairs with Bitcoin and Ethereum, amounting to $344 million and $296 million, respectively.
Major Exchanges and Liquidations
The largest liquidation amounts occurred on the cryptocurrency exchanges Bybit and Binance, where approximately $385 million and $210 million were liquidated, respectively. The largest single liquidation was $16.38 million on Bitfinex in the BTC/UST pair.
At the time of writing, the first cryptocurrency is trading near $76,100. It is worth noting that earlier, Bybit CEO Ben Zhou mentioned that the actual daily liquidation volume significantly exceeds the figures provided by analysts.
“The actual daily liquidation volume is several times greater than what analysts report” — Ben Zhou, CEO of Bybit.
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