Crypto Faces Nearly $1 Billion In Liquidations As Bitcoin, Ethereum Crash
Data shows the crypto derivatives market has suffered a massive amount of liquidations following the plunge that Bitcoin, Ethereum, and other assets have seen.


Data shows the crypto derivatives market has suffered a massive amount of liquidations following the plunge that Bitcoin, Ethereum, and other assets have seen.
Shares of Strategy (MSTR), known for its aggressive Bitcoin accumulation strategy, have become the most popular short trade among major publicly traded U.S. companies, according to reports.
On November 19, the issuer of the iShares Bitcoin Trust (IBIT) reported the largest daily net outflow since the fund’s debut in January 2024.
Over the past six weeks, more than $1 trillion has been wiped from the cryptocurrency market as concerns over inflated valuations of tech firms and the trajectory of U.S. interest rates triggered a massive sell-off of speculative assets. As Financial Times reports, citing CoinGecko data, the combined market value of over 18,000 cryptocurrencies has fallen by 25% from its peak on October 6, erasing about $1.2 trillion in capitalization.
The largest cryptocurrency reached a low of $89,253 on the Binance exchange, marking a 29% decline from its all-time high, recorded on October 6. Ethereum also dropped to $2,946, demonstrating overall weakness in the crypto market.
New holders of digital gold sold more than 148,000 BTC at a loss on November 14. A drop in price below the yearly open at $93,000 may trigger a move into the zone below $90,000.
Arthur Hayes, known as one of the main bulls in the Zcash (ZEC) market, has begun actively disposing of cryptocurrencies.
Long-established wallets holding Ethereum are selling the asset at the fastest rate since 2021. The market now has to absorb around 45,000 ETH per day coming from early investors.
A record surge in trading activity has been recorded on the native decentralized exchange XRP Ledger DEX. The number of transactions executed by users of the platform reached 954,000 per day. This development has alarmed analysts at CryptoQuant, as previous spikes in transaction volume have often preceded a drop in XRP’s price.
Bitcoin (BTC) has faced another wave of selling pressure driven by retail traders on Binance and significant outflows from spot ETFs.
After BTC dropped to $105,000, investors liquidated $191 million in long positions in less than an hour. The total 24-hour liquidation volume once again exceeded $1 billion, marking the highest level since October 11.
The crypto community has raised concerns about MEXC’s solvency, as users began experiencing delays when attempting to withdraw funds. This came after roughly $5.5 billion worth of cryptocurrencies were withdrawn from MEXC in a short period.
Amid sharp Bitcoin price swings, retail traders on Binance initiated a large wave of selling, liquidating roughly 13,000 BTC worth $1.4 billion at an average price of $108,000 per coin. Data shows this is already the second wave of selling within a week — the previous one, on October 17, involved about 10,000 BTC.
The cryptocurrency Bitcoin (BTC) has faced one of the sharpest declines of 2025: since October 9, its price has dropped by 17% — from $123,000 to a low of $102,000. Analysts noted that subsequent events revealed that the apparent correction was actually driven by mass retail capitulation and a large-scale capital outflow from ETFs.
Analysts at the Lookonchain platform have identified a potential Ethereum sell-off signal, pointing to two large ETH deposits by crypto whales on the Binance and OKX exchanges totaling over $71 million.
On Monday, U.S.-based Ethereum exchange-traded funds (ETH ETFs) recorded their largest single-day outflow since their launch in July 2024, with $465.1 million withdrawn in just one day.