The crypto market witnessed an intense washout with total liquidations across the key trading platforms surged in a span of 24 hours. The most recent data issued on November 18, 2025, indicated that about 184,527 traders were liquidated, which is a strong indication of extreme volatility and swift price movements of major crypto tokens.
The aggregate crypto liquidation value exceeded the billion-dollar mark, and there were a few exchanges with massive long and short position wipeouts.
Hyperliquid Leads Exchange Liquidations with $435.20 Million
Crypto liquidation leaderboard was dominated by Hyperliquid, which added to the global total, amounting to $435.20 million. The platform had a short-to-long rate distribution of 42.37 percent short and 57.63 percent long liquidation showing a fairly balanced but long-leaning liquidation pressure.
Bybit came behind with the total liquidations of $220.63 million, with the bulk of the losses being taken by long traders. Bybit short rate was fixed at 11.10 percent and the long rate was high at 88.90 percent.
Binance recorded a 173.23 million in wiped positions, short rate of 25.48 percent, and long rate of 74.52 percent. Liquidations in OKX amounted to $78.90 million with a short rate of 28.17 percent and a long rate of 71.83 percent. Gate experienced $65.75 million taken out of trader positions, with long liquidations taking over at 85.78 percent over the short side at 14.22 percent.
HTX has undergone liquidations of $32.70 million with 20.53 percent of short positions and 79.47 percent long positions closed. CoinEx experienced a total liquidation of $7.59 million with an 18.04 percent short and 81.96 percent long rate.
BitMEX completed the list with $2.69 million and only 9.94 percent short and a huge 90.06 long.
Record-Breaking Single Crypto Liquidation Order Hits BTC Market
The biggest one liquidation order was on Hyperliquid, with the BTCUSD pair. The position was also worth a huge sum of 96.51 million, which is one of the largest separate liquidation transactions of the quarter.
Bitcoin Tops Asset Liquidations with $563.53 Million
Bitcoin had the highest total liquidation value of all the cryptocurrencies, erasing $563.53 million in a single day. This liquidation amounts to about 6.23K BTC which implies large-scale forced selling.
Ethereum was the second-largest asset to be affected, recording $177.82 million in liquidations, which is about 58.80K ETH. Solana made liquidations of $46.50 million which corresponds to 339.36K SOL which shows that the altcoin market remains volatile.
XRP experienced liquidations of 43.88 million dollars or approximately 20.31 million tokens. ZEC had $37.84 million of liquidations or 63.92K ZEC. DOGE recorded $8.20 million in liquidations and PUMP recorded $5.93 million or 1.93 billion tokens. there was a liquidation volume of ADA of $5.12 million which is equivalent to 11.01 million ADA. ASTR trailed with $4.64 million and 3.71 million tokens.
The total liquidation value in BNB was $4.54 million or 4.98K tokens. UNI experienced a loss of $4.23 million or 573.17K UNI and Litecoin had a loss of $3.96 million or 41.47K LTC in liquidated positions.
Crypto Market Sentiment Turns Cautious as Traders Reassess Leverage
The most recent wave of liquidations indicates that traders are still highly leveraged as they are exposed to unpredictable macro and market environments. Already more than 184,000 crypto traders have been liquidated in 24 hours and that is why people have switched to caution as risk management becomes a priority.
