Overview

• CoinGlass tallied roughly $19.1–$19.35 billion in 24-hour liquidations, with more than 1.6 million traders wiped out and about $16.6–$16.7 billion from long positions.
• Bitcoin briefly swung from above $122,000 to near $102,000 before recovering to roughly $113,000, while Ether rebounded to about $3,800 after dipping below $3,500.
• Data trackers cautioned the totals may undercount true losses because some exchanges, including Binance, limit or lag liquidation reporting.
• Users reported outages and execution delays on major platforms during the sell-off; Binance cited heavy activity and said user funds were safe.
• Derivatives volatility briefly pressured Ethena’s USDe peg to about $0.9996, though the team said minting and redemptions stayed operational as analysts assess potential contagion risks.