Crypto Market Suffers $1.3 Billion in Liquidations — But One Whale Beats the Crash

Market Overview - The cryptocurrency market experienced significant turbulence, with total market capitalization declining by 4% over the past 24 hours, resulting in over $1.3 billion in liquidations, primarily from long positions [1][2][3] - The downturn in October was exacerbated by tariff-driven crashes, and November has started with continued poor performance, showing little sign of recovery [2] Liquidation Details - A total of 336,622 traders were liquidated in the past 24 hours, with $1.37 billion worth of leveraged positions wiped out [3][4] - Long positions accounted for $1.22 billion of the liquidations, with Bitcoin leading the losses at $406.94 million and Ethereum following with $356.34 million [4][5] Notable Trades - One trader, identified as an "Anti-CZ Whale," capitalized on the market decline by shorting various cryptocurrencies, achieving unrealized gains exceeding $36 million [6] - This trader has a reported total profit of nearly $100 million on the Hyperliquid platform, maintaining a 100% win rate across two wallets [7]