At the moment time, Monday, June 23, 2025, the cryptocurrency market witnessed a prime liquidation, with a whopping $640.10 million liquidated all via the last 24 hours, basically based on data released on the present time by market analyst Phoenix Neighborhood.
Apprehension selling over the weekend, catalysed by US defense force assaults on Iran’s nuclear stations, brought on such enormous liquidations.
The main selloffs caught lengthy traders off guard because the majority of liquidations came from lengthy positions.
LIQUIDATION DATA IN 24 HOURS
TOTAL LIQUIDATIONS: UP TO $640.10M
TOP 5 COINS WITH HIGHEST LIQUIDATION: $BTC ~ $238.59M… pic.twitter.com/VOf0Rizdhj
— PHOENIX – Crypto Files & Analytics (@pnxgrp) June 23, 2025
BTC, ETH Lead in Selloffs
As reported by the guidelines, BTC, ETH, SOL, and XRP had been the hardest hit.
Bitcoin led the market selloff, with $238.59 million liquidated all via the last 24 hours. Ethereum adopted with $193.35 million in liquidations. Whereas Solana experienced $27.68 million in liquidations, XRP witnessed $21.60 million, and Dogecoin took $11.19 million in selloffs.
Other cryptocurrencies with main liquidations on the present time consist of Sui (at $7.33 million), FUNToken (at $6.33 million), Cardano (at $4.09 million), Dogwifhat (at $3.24 million), Pepe (at $3.17 million), Polkadot (at $3.15 million), and Ethena (at $2.99 million).
At the moment time’s $640.10 million in liquidations adopted the day past’s $595 million selloffs, totaling the 2 days’ liquidations to over $1.2 billion.
A series of liquidations on the full indicators market extremes, the build impress consolidations will be looming as investor sentiment strikes in one route. The liquidations began unhurried Saturday after President Trump acknowledged US defense force conducted a success bombing assaults on Iran’s main nuclear websites.
At the moment time, Monday, BTC is shopping and selling at $101,392, down 5.1% within the final week. Ethereum (at $2,244.93), SOL (at $133.80), XRP (at $2), and DOGE (at $0.1516) are all exhibiting losses all via the last seven days.
ByBit Topped With Most Liquidations
The contemporary declines in crypto costs brought on huge liquidation of lengthy positions. Metrics from Phoenix Neighborhood conceal that virtually all of lengthy trades had been liquidated.
ByBit led in on the present time’s liquidations available within the market. A crammed with $255.31 million used to be liquidated from the market, with 80.70% from came from lengthy positions and 19.30% from quick positions.
Binance adopted with $140.30 million in liquidations, with 62.45% coming from lengthy positions and 37.55% from quick positions.
Gate.io came third, with a entire of $96.75 million liquidated from the market, 80.16% originating from lengthy positions and 19.84% from quick positions.
HTX adopted with $81.67 million in liquidations, out of which 87.90% came from lengthy positions and 12.10% from quick positions.
OKX saw $68.27 million in liquidations, with 66.19% coming from lengthy positions and 33.81% from quick positions.
BitFINEX had $6.72 million, CoinEX encountered $4.31 million, and BitMEX experienced $2.73 million in liquidations, with the majority coming from lengthy positions as indicated within the guidelines.
