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Crypto
Crypto Market Liquidations Approach $1 Billion in 24 Hours
12/02/2025, 00:06
AI SUMMARY
●Crypto market liquidations reached nearly $1 billion over the last 24 hours.
●The sharp selloff triggered a massive unwind of leveraged positions across exchanges.
●Traders view the event as a significant reset of market leverage and open interest.
Approximately $1 billion in crypto assets were liquidated over the past 24 hours, signaling a major leverage flush across the market. This high volume of liquidations has coincided with a broader decline in asset prices, contributing to a sharply risk-off environment.
Analysts describe the event as a significant capitulation phase, clearing out over-leveraged positions. Market participants are now monitoring for signs of stabilization following this extensive reset of open interest.