Crypto Long Liquidations Hit $563 Million in 24 Hours, Led by Ethereum and Bitcoin

Crypto markets saw a major liquidation wave with $563 million in long liquidations over 24 hours, the largest such total since February, led by Ethereum at $244 million and Bitcoin at $160 million, according to the source. Within that sell-off, Onchain Lens reported that Machi Big Brother’s 25x Ethereum long was liquidated again, bringing cumulative losses above $32.4 million before he reopened a new 25x Ethereum long on May 18. A later 24-hour market snapshot showed $203 million in total liquidations, including $136 million in longs and $66.28 million in shorts, with Ethereum at $57.87 million and Bitcoin at $54.94 million. The figures indicate that leverage-driven volatility remained significant even after the larger washout.

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