Crypto Liquidations Hit Highest Point Since 2025 Crash

The crypto market witnessed a massive shakeout yesterday as liquidations climbed to their highest level since the October 2025 crash. Traders saw approximately 3.35 billion dollars in positions forcibly closed in just 24 hours. Ethereum led the pack with 610 million dollars in liquidated derivatives, while meme coins also saw a significant spike in activity.

This wave of liquidations triggered a classic short squeeze. As prices rose, traders who had bet against the market were forced to buy assets to cover their positions, which added even more momentum to the upward rally. The market added over 220 billion dollars in total value during this volatile period.

Looking ahead, traders are keeping a close watch on open interest and funding rates for Bitcoin and Ethereum. Current data shows high levels of open interest paired with positive funding rates, which indicates that bullish sentiment remains strong among derivatives traders. If this trend continues, we could see more price volatility as the market absorbs these changes.