Cryptocurrency Market Suffers $217 Million in 24-Hour Liquidation

Tuesday, Oct 28, 2025 8:55 am ET1min read

Over $217 million in leveraged positions were liquidated in 24 hours, affecting both long and short positions. The event highlighted the fragile state of leveraged trading in digital assets and the importance of risk management. The market decline was amplified by the cascading effect of liquidations and the dominance of top cryptocurrencies like Bitcoin and Ethereum. Experts warn that such large-scale liquidations often reflect over-leveraged positions and market overconfidence.

Cryptocurrency Market Suffers $217 Million in 24-Hour Liquidation