Market Downturn Triggers Widespread Liquidations
In the last 24 hours, the crypto market witnessed an intense liquidation wave, wiping out more than $397 million in long positions. Traders who bet on rising prices were hit hard as sudden market downturns triggered a cascade of forced sell-offs.
This liquidation event is one of the largest in recent weeks and highlights the growing volatility that has crept back into the digital asset space. Data from liquidation tracking platforms show that Bitcoin and Ethereum were at the center of the sell-off, contributing the most to the total losses.
Bitcoin and Ethereum Lead the Wipeout
Bitcoin fell sharply below key support levels, taking thousands of leveraged traders by surprise. Ethereum followed closely, adding to the massive total liquidations. Altcoins also felt the pressure, with significant losses seen in Solana, XRP, and others.
The majority of the $397 million in liquidations came from long positions—trades where investors expected prices to go up. However, with bearish momentum and negative macroeconomic signals, the market turned against them. Exchanges like Binance, OKX, and Bybit saw the largest liquidation volumes.
BREAKING:
— Crypto Rover (@cryptorover) November 12, 2025
OVER $397,000,000 IN LONG POSITIONS LIQUIDATED FROM THE CRYPTO MARKET IN THE PAST 24 HOURS. pic.twitter.com/Wr3wO1jiQN
Volatility Remains a Major Risk
Events like these underline the risky nature of leveraged trading in crypto. While long positions can offer high rewards, they also come with high risk—especially during periods of extreme price swings.
Analysts caution that until stronger market stability is restored, we may continue to see sharp liquidations, particularly in over-leveraged positions. Traders are advised to manage risk carefully and avoid excessive leverage.