- 1. Exchanges Report Heavy Long Liquidations Dominating Over Shorts
- 2. Bitcoin Tops Crypto Liquidation Chart With Over $509M Wiped Out
- 3. Altcoins Take Heavy Damage as DOGE, ZEC and XPL Face Millions in Liquidations
- 4. HTX Suffers the Largest Single Liquidation Order
- 5. Crypto Market Outlook: Volatility Dominates as Leverage Resets
Another crypto liquidation storm struck the market on November 14, 2025, when total wiped-out positions reached an unprecedented 1.24 billion in 24 hours. Statistics indicate that 245,475 traders were liquidated, one of the most intense shakeouts of the quarter.
The liquidation imbalance was biased towards long positions in all major crypto exchanges, showing the aggressive bullish leverage could not stand the unexpected wave of market volatility.
Exchanges Report Heavy Long Liquidations Dominating Over Shorts
On major trading platforms, the number of long-side liquidations was many times larger than in short-side losses. Hyperliquid recorded the liquidation of $291.51M, long liquidations were 94%, short liquidations 6%. Bybit trailed with $289.29M, with 91.19% long and 8.81% short.
The largest exchange in the world Binance registered 215.12M in total liquidations, which was propelled by 78.98% long orders and 21.02% shorts. The largest single liquidation was registered by HTX, which registered 100.80M liquidated with a long dominance of 91.77% and a short dominance of 8.23%.
Gate users liquidated $100.38M, of which 88.33% long and 11.67% short. OKX was next with $89.56M, with long liquidations standing at 76.49% compared to 23.51% shorts.
Even smaller crypto exchanges were not an exception. CoinEx reported a liquidation of $7.95M with an excessive 98.03M in long positions. BitMEX finished the list with 93.89% long and 6.11% short with $2.43M liquidated.
In total, the liquidation trend is indicative of an over-leveraged bullish-biased market that would quickly unwind.
Bitcoin Tops Crypto Liquidation Chart With Over $509M Wiped Out
Bitcoin was at the center stage of the liquidation process. Within 24 hours, $509.26M worth of BTC positions were liquidated, which is equivalent to 5.24K BTC. The high BTC liquidation value shows aggressive accumulation of leverage because traders were betting on the further rise of the market but the market took a nosedive on them.
The Ethereum was next with a $265.58M liquidated, which symbolized 82.89K ETH, cementing its position as the second most affected asset in the correction.
Solana had registered $69.79M liquidations which corresponded to 488.00K SOL. The number represents high volatility of Solana, which has been intensified by acute market fluctuations.
Altcoins Take Heavy Damage as DOGE, ZEC and XPL Face Millions in Liquidations
Liquidations were also widespread in the altcoin sector. Dogecoin liquidated $11.35M worth or 68.78M DOGE, and Zcash (ZEC) liquidated $11.03M, or 21.86K ZEC.
XPL marked $7.20M liquidated, which is equivalent to 30.12M XPL, and BNB liquidated $5.92M, which is equivalent to 6.41K BNB positions.
UNI crypto token of Uniswap was liquidated for $5.63M (745.69K UNI), and Astar (ASTER) was $5.14M or 4.89M ASTER.
Other altcoins were experiencing the pressure as well. PUMP liquidated $4.24M (1.15B PUMP), Cardano (ADA) liquidated $3.90M (744M ADA), and Chainlink (LINK) liquidated $2.60M, or 179.93K LINK.
HTX Suffers the Largest Single Liquidation Order
The largest liquidation order was made by HTX, in which a BTCUSDT position that was heavily leveraged and had a value of $44.29M was liquidated. This liquidation is in itself a testament to the rapidly changing market conditions, and the traders who were exposed to heavy leverage were the ones who suffered the blow of the sudden crypto market shift.
Crypto Market Outlook: Volatility Dominates as Leverage Resets
The most recent statistics indicate a market that is still relying heavily on leveraged trading as long positions constantly outnumber the short positions. With the exit of the market by the over-leveraged traders, analysts believe that the volatility will be high.
Liquidating more than 245,000 traders and eliminating over $1.24B, the market is now at a decisive stage, which requires a significant reset of leveraged positions in both BTC and altcoins. The direction of crypto markets in the next few days will be determined by liquidity, volatility, and macroeconomic indicators as traders question their next action.
