- The recent $478 million crypto liquidation event impacts major assets BTC and ETH.
- Market volatility spikes amid concentrated ETH leverage positions.
- No official exchange breakdown but increased whale activity noted.
BlockBeats News reports a $478 million liquidation occurred within 12 hours, driven by high Bitcoin and Ethereum volatility on May 19, 2025.
CoinGlass data revealed that the crypto market sustained $478 million in liquidations in 12 hours. Major exchanges like Binance and OKX were involved, but no official founder or CTO statements have surfaced regarding these events.
$478M Crypto Liquidation Amidst Exchange and Whale Activity
The liquidations involved $297 million in long positions and $181 million in short positions. Bitcoin and Ethereum were significantly affected, with potential ripple effects to other altcoins depending on market conditions.
“25x short ETH whale reduces holdings again, raising liquidation price to $2,556.6.” — BlockBeats, Binance Square
Whale activity on Binance showed major reductions in ETH positions, which may have contributed to market movements. No government bodies or regulatory agencies have made official comments yet about these liquidations.
Volatility Drives BTC and ETH to Historical Highs
Did you know? Historical volatility often results in large-scale liquidations, similar to this event, prompting short-term adjustments in Bitcoin and Ethereum positions.
According to CoinMarketCap, as of 00:21 UTC on May 19, 2025, Bitcoin (BTC) holds a market cap of $2.12 trillion and dominates 62.9% of the market. The price is listed at $106,519, with a 3.22% increase in the past 24 hours.
Coincu research highlights the short-term price volatility for Bitcoin and Ethereum. Historical trends indicate potential for regulatory scrutiny if repeated, though no official responses exist. Market dynamics might shift based on whale and institutional behaviors.
Source: https://coincu.com/338352-crypto-market-478m-liquidation/