Core Insights - The cryptocurrency market experienced its most severe liquidation event in history, with nearly $19.37 billion in liquidations over 24 hours, affecting over 1.6 million traders, predominantly long positions [7][9][10]. Market Impact - Ethereum's price dropped from around $4,700 to below $3,500, while Bitcoin fell from a high of over $126,000 to a low of $105,000 before rebounding above $110,000 [2][6]. - Significant losses were observed in altcoin markets, with tokens like ATOM plummeting from $4 to $0.001, and SUI from $3.4 to $0.56 [5]. Liquidation Details - The largest single liquidation order occurred on Hyperliquid, amounting to $203.36 million, while the platform recorded a total liquidation of $10.31 billion, surpassing competitors like Bybit and Binance [10][11]. - The total liquidation amount was described as being more than ten times the losses seen during the pandemic and FTX collapse periods [8][9]. Trader Outcomes - The top 100 traders on Hyperliquid collectively earned $1.69 billion, while the top 100 losers lost $743 million, indicating a net profit of $951 million concentrated among highly leveraged short sellers [14]. - The largest gain was reported by a trader who made over $700 million through short positions, while the biggest loser, known as "TheWhiteWhale," lost $625,000 [14]. Market Sentiment and Future Outlook - Market participants are concerned about potential further fallout, with expectations of additional fund liquidations or market maker losses in the coming days or weeks [15]. - Analysts suggest that Bitcoin's next major support level is at $100,000, and a drop below this could signify the end of the previous three-year bull market cycle [15].
100亿美元遭清算,币圈“史上最大爆仓”中,它是最惨的,却有人赚超7亿……
3 6 Ke·2025-10-13 00:32