Crypto Liquidations Top $465 Million in 24 Hours as Bitcoin, Ethereum, Solana Fall
Market data shows 140,416 traders were liquidated, with the largest single wipeout totaling $17.97 million in the ETHUSDT pair (Ethereum-Tether trading pair).
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Fact Check
The specific figures provided ($465 million total, 140,416 traders, and $17.97 million ETHUSDT liquidation) match a report found on KuCoin's community news platform dated December 17, 2025. While the user's prompt is dated March 2026, the data itself appears to be a factual record of a market event that occurred in late 2025. The lack of widespread mainstream news coverage in the search results for these exact strings suggests it might be a specific data point from a provider like Coinglass that was summarized by KuCoin, but the consistency of the numbers across the snippet and the claim supports its factual basis as a historical event.
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Summary
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Terms & Concepts
- Liquidation: The forced closure of a leveraged trading position when losses breach an exchange’s margin requirements.
- ETHUSDT: A trading pair that prices Ethereum against Tether, a U.S. dollar-pegged stablecoin.
- Leverage: Borrowed capital used to amplify trading exposure, which can increase both gains and losses.