Crypto long liquidation of $1.8 billion forced over 370,000 traders from leveraged positions, mainly in Bitcoin and Ether, triggering a $150B market-cap drop. Short-term technical factors and extreme altcoin leverage drove cascading liquidations; analysts flag a possible dip to the $100k–$105k BTC support zone.
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Largest long liquidation of 2025: ~$1.8B across 370,000 traders
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Majority of losses concentrated in Ether and Bitcoin long positions; altcoin leverage amplified the move.
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Market cap fell ~$150B; BTC quick support zone near $100k–$105k (200-day MA ≈ $103,700).
Crypto long liquidation wipes $1.8B; quick analysis of causes, support levels, and expert commentary — view actionable insights and near-term trade implications.
What caused the $1.8 billion crypto long liquidation?
Crypto long liquidation was driven by concentrated long exposure in Ether and Bitcoin and extreme altcoin leverage, producing cascading margin calls. Short-term technical triggers and overbought readings forced stop-losses, amplifying a fast market-cap decline and mass deleveraging.
How many traders and what assets were affected?
Over 370,000 traders were liquidated, totaling roughly $1.8 billion, according to CoinGlass data (reported as plain text). Ether long liquidations topped $500 million, exceeding Bitcoin long liquidations and highlighting altcoin-driven contagion.
Long ETH and BTC positions saw the lion’s share of liquidations. Source: CoinGlass
Why did altcoin leverage worsen the flushout?
Excessive altcoin leverage increased market fragility. Researcher Bull Theory noted that an imbalance in altcoin margin relative to Bitcoin means a single sharp move can trigger cascading liquidations. That mechanism rapidly amplifies downward momentum and clears speculative positions.
Expert perspective: Real Vision founder Raoul Pal described the pattern as repeated: markets lever up toward a breakout, fail, liquidations occur, and only then can the breakout actually happen — leaving sidelined buyers.
What did market-cap and price moves look like?
Crypto market cap fell by more than $150 billion to about $3.95 trillion. BTC traded below $112,000 on major spot venues and ETH fell beneath $4,150 — the largest pullback since mid‑August.
How likely is a dip back to the support zone?
Technically, a dip into the $105k–$100k BTC support zone is plausible. IG analyst Tony Sycamore highlighted the 200‑day moving average near $103,700 as a logical area to clear weak hands and re-establish trend support.
| Asset | Estimated long liquidations | Role in event |
|---|---|---|
| Ether (ETH) | ~$500M+ | Largest single-asset long wipeout |
| Bitcoin (BTC) | Substantially less than ETH, large share overall | Major contributor to market-cap drop |
| Altcoins | Aggregate elevated leverage | Amplified cascade effects |
Largest long position wipeout of 2025. Source: CoinGlass
What should traders and investors consider now?
Focus on risk management: reassess leverage, watch the $100k–$105k BTC support band, and monitor funding rates and open interest for renewed stress. Historical September weakness can produce short, sharp retracements before resumed trend moves.
How can traders respond step-by-step?
Short checklist:
- Reduce or hedge excessive leverage.
- Monitor order-book liquidity and funding rates.
- Identify key technical supports (200‑day MA ≈ $103,700).
- Plan scaled re-entry near confirmed support and on volume confirmation.
Frequently Asked Questions
What triggered the cascading liquidations?
Rapid unwind of concentrated long exposure, especially in ETH, combined with elevated altcoin leverage and stop-loss clustering, created cascading margin calls and fast price declines.
Will this change the long-term bull case?
Most analysts quoted view this as a near-term deleveraging rather than a structural end to the bull market; easing policy and risk-on flows remain cited as long-term supportive factors.
Key Takeaways
- Magnitude: ~$1.8B liquidated, impacting 370,000+ traders.
- Primary drivers: ETH concentration and altcoin leverage amplified the drop.
- Action: Consider de-risking, watch $100k–$105k BTC support, and monitor funding/open interest.
Conclusion
This crypto long liquidation was a rapid technical flush that erased nearly $1.8 billion from leveraged longs and trimmed market capitalization by roughly $150 billion. Traders should prioritize risk control, observe the $100k–$105k support band, and watch funding metrics for signs of renewed stress or stabilization. COINOTAG will continue to monitor developments and publish updates.
