- Over 187,000 merchants liquidated as crypto losses exceed $600 million in 24 hours.
- Bitcoin and Ethereum prime liquidation record with $292 million mixed losses.
- Bybit leads exchanges, recording $320 million in liquidations and a single $11M BTC order.
Over $600 million in crypto positions have been liquidated on Could 13, 2025, marking one of the appreciable single-day losses within the second quarter. Information from Phoenix Group confirmed that 187,747 merchants noticed their leveraged positions worn out amid heightened market volatility. The occasion affected main digital property and exchanges, signaling an abrupt shift in market sentiment after earlier optimism in Could.
Bybit emerged because the platform with the best liquidation quantity, reporting losses totaling $320.69 million in a 24-hour span. The change additionally recorded the most important particular person liquidation order of the day, an $11 million place involving the BTC/USD buying and selling pair. Notably, 88.36% of liquidations on Bybit impacted brief positions, reflecting a concentrated wave of bearish bets being closed out.
On different platforms, lengthy positions have been extra severely affected. Binance adopted Bybit with $192.89 million in complete liquidations, whereas OKX recorded $92.76 million. HTX additionally noticed vital liquidation exercise, with 76.42 p.c of these involving long-side positions. These figures counsel various sentiment throughout exchanges, with some merchants betting on a continued rally whereas others braced for a decline.
Bitcoin and Ethereum Lead the Promote-Off
Bitcoin led all property in liquidation worth, with $151.62 million erased in the course of the sell-off, representing roughly 1.43 thousand BTC. Ethereum adopted with $140.57 million in liquidated positions. XRP posted $32.34 million in liquidations, with Dogecoin and Solana trailing at $22.84 million and $17.92 million, respectively.
The information additionally confirmed that meme cash weren’t spared. PEPE recorded $8.18 million in liquidations, whereas TRUMP adopted intently with $7.15 million. These figures point out that merchants uncovered to speculative property skilled substantial losses alongside main cryptocurrencies.
Even with constant early Could features, merchants with excessive leverage weren’t ready for the volatility which got here up sharply in main spot and derivatives markets. The market actions on Could 13 point out elevated threat ranges and lightning reversal of sentiments.
The overwhelming impact on the leveraged merchants exhibits the frail development of the cryptocurrency markets in the mean time. Mixed with risky motion in costs, high-risk positions have been a part of one of many largest liquidation occasions 2025. With such priceless possessions reminiscent of Bitcoin and Ethereum on the core of the exercise, the occasion underlined the prevalence of those property in open curiosity, and their position within the normal market behaviour.
