Cryptocurrency Market Suffers Major Liquidations

Recent data from Coinglass reveals a significant event in the cryptocurrency market: a total of $1.148 billion in liquidations occurred over the past 24 hours, as of October 30th, 2025. These losses were largely attributed to short positions, totaling $163 million, with long positions contributing $984 million. The overall impact on traders was substantial, with a global tally of 222,855 individuals affected. Notably, the largest individual liquidation occurred on the Hyperliquid platform involving Bitcoin (BTC) – USD pair, amounting to $21.4298 million.