Nearly $1 billion in liquidations across the entire network in 24 hours, with 260,000 people exiting.

PriceOracleFairy

2025-12-02 00:20:16

According to the latest monitoring by Coinglass, the crypto market experienced a fierce Whipsaw in the past day.

The total liquidation amount across the network has reached $974 million. Long positions have become the hardest hit in this round of decline—$851 million in long positions were forcibly closed, while short positions only lost $123 million. This stark contrast directly reflects how optimistic the market sentiment was, only to be harshly educated by reality.

Even more exaggerated is that within just 24 hours, 267,000 accounts were liquidated. Behind this number are countless tragic stories of high-leverage players.

The most notable is an ETH liquidation order on a decentralized trading platform, worth $15.6095 million. Such a single liquidation in the tens of millions usually indicates that a large holder or institution has been trapped in a long position at a high level.

When market volatility increases, risk control is really more important than anything else.

ETH9.04%

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CryptoTarotReader

· 12h ago

Wow, another bloodbath, 267,000 people eliminated... this is the price of high leverage.

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HashBandit

· 12-02 05:18

ngl this is exactly why i stopped doing leverage back in my mining days... 8.51b in longs getting liquidated? that's what happens when everyone's chasing green candles without actually running the numbers. TPS bottleneck on mainchain probably made it worse too honestly

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GasFeeCrier

· 12-02 00:49

Here it comes again, this time it's really tough. 267,000 people are out, I just want to know if there are any buddies I know in there.

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DeFiDoctor

· 12-02 00:34

The medical records show that this round is again a typical case of high leverage complications. 851 million long orders were liquidated, indicating that patients are betting in the same direction, and risk management is virtually non-existent.

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TokenomicsTherapist

· 12-02 00:22

Be Played for Suckers again, 260,000 people are out, who made money?

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ForkPrince

· 12-02 00:22

It's another nightmare for long positions; the leveraged traders need to remember this time.

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