Crypto liquidations hit $1.7B as Bitcoin losses top $768M; Fear Index sinks to 16

Nearly $1.7 billion in crypto liquidations swept the market in the past 24 hours, pushing total market capitalization down about 6%, with Bitcoin accounting for roughly $768 million of the losses, BeInCrypto reported. Data from CoinGlass showed 270,438 traders were liquidated during the period as prices fell following escalating US‑Iran tensions.

Long positions made up the bulk of the damage — $1.57 billion in long liquidations versus $107.74 million in shorts. Bitcoin liquidations totaled $768.69 million (about $745.3 million from longs), while Ethereum saw $417.43 million in liquidations, including $390.5 million from long positions.

Exchange-level data cited Hyperliquid as recording the highest liquidation volumes, with $567.2 million in long liquidations and $28.1 million in shorts. Bybit posted $329 million (long) and $11.9 million (short), and Binance showed $152.3 million (long) and $29.5 million (short).

The article noted these forced closures happen when margin accounts can no longer cover losses, triggering automatic liquidations that can accelerate selling pressure. BeInCrypto Markets data showed Bitcoin and Ethereum fell to two‑month lows during early Asian trading — $80,815 and $2,687 on Binance, respectively — before recovering slightly to $82,023 and $2,737 by press time.

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