Crypto Market Liquidations Near $1B as Ethereum Leads Massive Sell-Off

A sharp downturn in the crypto market led to nearly $1 billion in liquidations within 24 hours, impacting over 226,000 traders. Most liquidations involved long positions, affecting recent bullish sentiment.

Total liquidated positions reached $966 million from Sept. 25, 12 pm UTC to Sept. 26, 12 pm UTC.
Long positions were heavily impacted, accounting for $843.07 million, while short positions comprised $122.93 million.
The sell-off occurred amid slowing spot ETF inflows and profit-taking by long-term holders, creating a fragile market balance.
Economist Alex Krüger highlighted the "$108-110k Desperate Zone," where leveraged traders are forced to dump positions.

Ethereum Leads Liquidations

Ethereum saw $311 million in total liquidations, with $271 million in long positions forcibly closed.
Bitcoin followed with approximately $245 million in liquidations, continuing recent sharp sell-offs.
Solana traders experienced over $66 million in position closures.
Other assets like XRP and Dogecoin faced about $20 million each in liquidations.

Crypto liquidation heatmap showing Ethereum and Bitcoin leading with the highest losses.