Crypto Chiefs Reports $597 Million Liquidation Frenzy: Market Faces “Event for the Ages”
At 09:36 UTC on October 11, 2025, Crypto Chiefs wrote, “It will be an event of the ages! Crypto liquidations, as well as a live liquidation chart. The information showed almost half a billion of total liquidations in the last 24 hours that made this one of the largest wipeouts in the year. The time of the incident coincided with the sudden fall in the price of Bitcoin on the all-time high of $125,000 at the beginning of the week unleashing a domino effect in the derivatives market.
An event for the ages!
— Crypto Chiefs (@cryptochiefss) October 11, 2025
Crypto liquidations 🚨 pic.twitter.com/dayPb4JpQt
Aggregate Liquidations by Dates
The picture provided in the post depicted accurate liquidation amounts across various periods of time. During the 1-hour liquidation, there were $407,999,789.42, nearly all of which that was long positions (410,619,296.43). In over 4 hours increased to $470,961,471.25, longs taking the preponderating share of this again at 476,426,730.45.
The exponential number of long liquidations shows that the price falls of the leading assets are drastic – the most significant of them being Bitcoin and Ethereum. As the prices decrease rapidly, leveraged long positions reach the levels. Conversely short were relatively lower during the initial 12 hours, and it was not until the 24-hour period that it started to increase significantly, suggesting a temporary recovery or volatility-induced short squeezes in the later part of the cycle.
Interpretation of the Liquidation Data
The only peculiarity in the data is that long totals were higher than total liquidations in all periods, such as longs of $620.73M to total liquidations of 597.83M in 24 hours. This disclosure indicates inconsistencies in reporting of liquidation information by different exchanges. The cryptocurrency aggregators, such as CoinGlass, usually integrate data of various platforms, including Binance, BitMEX, OKX, and Bybit. Late reporting, or overlapping reporting may result in totals understating and long/short reporting overstating. The total number is the more standard ground that is used by analysts.
This liquidation hurricane is after the soaring of Bitcoin to a new all-time high of 125,000. Cryptocurrency experiences sudden reversals when the market has been on parabolic rallies and leveraged traders are the first victims. According to the history figures, including of $10B that occurred in 2021 amid the crypto markets crash, a liquidation of 598M is noteworthy but not record-breaking. Its pace, however, is very rapid, passing almost 46 percent in 23 hours, so it is among the most rapid wipeouts of the year.
Quantitative Insights
The liquidation ratios provide a better insight into the structure of the market in this crash. During the 1-hour period, the long to short ratio was unbelievable, that is 157:1. Within the 24-hour period, this tightened to 27:1, indicating that short positions were also, perhaps, being liquidated, as a result of manic gyrations or involuntary covering. The liquidation size, at current leveraged retail exposure, was probably between 10,000 and 50,000 pounds per position, and perpetual swap exchanges were busy with their trading.
Widening Market and DeFi Effect.
Such large scale liquidations have an effect. Sudden volatility is commonly tested on the on-chain lending protocols like Aave and MakerDAO. The fact that they are capable of dealing with cascading liquidations without destabilizing collateral pools is an indication of increasing maturity in decentralized finance infrastructure. The domination of long liquidations shows panic unwinding of over leveraged bullish bets. This usually causes a short-term risk-off attitude of traders. Traditionally, such large spikes of liquidation have usually been precursors of local volatility area and market resets instead of long-term declines.
