Liquidation volume in the cryptocurrency market exceeded a record $ 500 million per day

On the night of May 22, 2025, bitcoin BTC $110,910.70 Bitcoin 2.89% Market capitalization $2.2 trillion VOL. 24 hours $5.95 billion set a new all-time high, exceeding $ 111,800. Amid market growth, the volume of liquidations of futures positions on crypto exchanges over the past 24 hours has reached more than $ 500 million. The biggest losses were incurred by traders who opened short positions, i.e., betting on a price drop.

Over 121,000 traders liquidated their positions over the day. Of these, $ 308 million was lost on shorts, and another $ 195 million on longs. The largest liquidations were recorded in pairs with bitcoin ($ 229 million) and Ethereum ETH $2,664.27 Bridged Ether (StarkGate) 4.40% Market capitalization $0.24 billion VOL. 24 hours $3.34 billion ($ 127 million), which is typical during periods of increased market volatility.

The largest liquidation amounts were recorded on Bybit and Binance exchanges — approximately $ 203 million and $ 135 million, respectively. The largest single liquidation took place on the Bitfinex platform in the BTC/USD pair, amounting to $ 6.36 million.

At the time of publication, analysts are recording the stabilization of the bitcoin rate around $ 111,000. The price movement is accompanied by increased trading activity and significant volatility, which increases the risks for traders, especially those who use leverage.

It is worth noting that, according to Bybit CEO Ben Zhou, the actual volume of liquidations may be much higher than those reported in public reviews. This indicates a high level of speculation in the market and the importance of controlled risks in cryptocurrency derivatives trading.