BTC
$104,706.54
–
2.52%
ETH
$2,517.61
–
8.44%
USDT
$1.0003
+
0.01%
XRP
$2.1428
–
4.54%
BNB
$656.76
–
1.72%
SOL
$144.85
–
9.18%
USDC
$0.9996
–
0.00%
DOGE
$0.1745
–
7.71%
TRX
$0.2737
–
0.39%
ADA
$0.6334
–
7.31%
HYPE
$39.50
–
5.54%
SUI
$3.0202
–
8.66%
LINK
$13.21
–
8.41%
LEO
$9.0261
+
1.80%
BCH
$415.39
–
2.60%
AVAX
$19.25
–
8.40%
XLM
$0.2596
–
6.01%
TON
$2.9848
–
7.26%
WBT
$33.55
+
2.63%
SHIB
$0.0₄1177
–
7.70%
By Shaurya Malwa|Edited by Parikshit Mishra
Jun 13, 2025, 8:11 a.m.
- Crypto markets faced significant losses with over $1.15 billion in liquidations on Thursday, impacting leveraged positions across major exchanges.
- A bitcoin long position on Binance, valued at $200 million, was the largest single liquidation, highlighting the volatility in the market.
- Over 247,000 traders were liquidated, with long traders suffering over $1 billion in losses due to overly optimistic positions.
Crypto bulls took a heavy beating on Thursday with over $1.15 billion in liquidations wiping out leveraged positions across major exchanges, marking one of the bloodiest days for crypto markets in recent months.
The largest single liquidation was a bitcoin
long position on Binance, valued at $200 million, making it one of the biggest one-off losses in the year so far. It is unclear which trading firm or individual was behind that position, as exchanges don’t make that data public.
STORY CONTINUES BELOW
Data from Coinglass shows over 247,00 traders were liquidated in the 24-hour span. Long traders bore the brunt, accounting for over $1 billion in losses — reflecting overly optimistic positioning after a week of bullish sentiment fueled by Circle’s high-profile IPO and a resurgence in U.S.-focused DeFi narratives.
BTC lost more than 3% to trade at $104,700 in Asian afternoon hours, while ether
sunk 8% to $2,530. Tokens like solana’s SOL
and dogecoin
also slid over 8%, while XRP
fell to $2.20.
Crypto exchanges Binance and Bybit accounted for more than $834 million in liquidated trades, the most among counterparts.
Liquidations occur when traders use borrowed funds to bet on asset prices and fail to maintain a sufficient margin to cover their positions. Exchanges then forcibly close positions to prevent further losses, a built-in risk feature that often results in chain reactions during volatile moves.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
