The post Crypto Market Records Largest Single-Day Liquidation Event in History appeared on BitcoinEthereumNews.com. AltcoinsBitcoin The crypto market has just witnessed the largest liquidation event in its history, wiping out more than $19 billion in leveraged positions within 24 hours. Over 1.6 million traders were caught in the sell-off as Bitcoin, Ethereum, and Solana plunged to multi-week lows. According to data from CoinGlass, the total value of long positions wiped out reached nearly $16.75 billion, while short positions accounted for $2.47 billion. The single largest liquidation order occurred on Hyperliquid, with an Ethereum-USDT position worth over $203 million being closed out. Bitcoin and Ethereum Lead the Sell-Off Bitcoin fell sharply to around $101,000 before stabilizing around $112,000. Despite its earlier recovery attempts this week, BTC has now dropped almost 8% in the past 24 hours, erasing billions in market value. Ethereum fared even worse, plunging over 13% to $3,814 amid massive selling pressure and liquidation cascades. Together, BTC and ETH accounted for nearly $10 billion of the total wiped-out positions, underscoring the dominance of these assets in the ongoing turmoil. Solana, XRP, and Cardano Suffer Deep Losses Solana joined the bloodbath, falling more than 15% to around $186. XRP and Cardano also saw heavy losses, dropping 16% and 20% respectively, as traders rushed to close positions to avoid further margin calls. Solana alone saw over $2 billion in long liquidations, ranking it among the most affected assets of the day. The broader market sentiment has turned sharply bearish, with risk appetite evaporating across all major altcoins. Panic Across the Market Data from liquidation heatmaps shows that over $19 billion worth of leveraged positions were erased in just 24 hours. Bitcoin and Ethereum led the tally with $5.34 billion and $4.39 billion respectively, followed by Solana’s $2 billion and a collective $1.5 billion from other altcoins. This unprecedented liquidation volume reflects the market’s extreme volatility… The post Crypto Market Records Largest Single-Day Liquidation Event in History appeared on BitcoinEthereumNews.com. AltcoinsBitcoin The crypto market has just witnessed the largest liquidation event in its history, wiping out more than $19 billion in leveraged positions within 24 hours. Over 1.6 million traders were caught in the sell-off as Bitcoin, Ethereum, and Solana plunged to multi-week lows. According to data from CoinGlass, the total value of long positions wiped out reached nearly $16.75 billion, while short positions accounted for $2.47 billion. The single largest liquidation order occurred on Hyperliquid, with an Ethereum-USDT position worth over $203 million being closed out. Bitcoin and Ethereum Lead the Sell-Off Bitcoin fell sharply to around $101,000 before stabilizing around $112,000. Despite its earlier recovery attempts this week, BTC has now dropped almost 8% in the past 24 hours, erasing billions in market value. Ethereum fared even worse, plunging over 13% to $3,814 amid massive selling pressure and liquidation cascades. Together, BTC and ETH accounted for nearly $10 billion of the total wiped-out positions, underscoring the dominance of these assets in the ongoing turmoil. Solana, XRP, and Cardano Suffer Deep Losses Solana joined the bloodbath, falling more than 15% to around $186. XRP and Cardano also saw heavy losses, dropping 16% and 20% respectively, as traders rushed to close positions to avoid further margin calls. Solana alone saw over $2 billion in long liquidations, ranking it among the most affected assets of the day. The broader market sentiment has turned sharply bearish, with risk appetite evaporating across all major altcoins. Panic Across the Market Data from liquidation heatmaps shows that over $19 billion worth of leveraged positions were erased in just 24 hours. Bitcoin and Ethereum led the tally with $5.34 billion and $4.39 billion respectively, followed by Solana’s $2 billion and a collective $1.5 billion from other altcoins. This unprecedented liquidation volume reflects the market’s extreme volatility…