Over 730,000 traders faced liquidations as Ether led the market plunge. Analysts compared the impact with the FTX collapse and COVID-19 crash.
More than $2.24 billion was liquidated from the cryptocurrency markets in the past 24 hours amid growing geopolitical uncertainties arising from the global tariff war. Ether (ETH ) took the lead, with combined long and short liquidations worth over $609.9 million.
Total daily crypto liquidations on Jan. 3 of over $2.24 billion were shared across more than 730,000 traders. The biggest single liquidation order was recorded on crypto exchange Binance for an ETH/BTC trading pair valued at $25.6 million, according to CoinGlass data .
During the timeframe, 36.8% of all liquidations happened on Binance, owing to its massive user base. Other crypto exchanges sharing the liquidations were OKX, Bybit, Gate.IO and HTX.
Read more,## Overview of Liquidation Mayhem
– **730,000 traders** found themselves liquidated—a numbers game so high, it might as well be a new population study!
– Over **$2.24 billion** vanished into thin air, and we’re not talking smoke and mirrors; that’s real cash!
– Ether (ETH) took a hefty lead—**$609.9 million** worth of long and short positions got wiped out, making it the star of this not-so-comfortable reality show.
– The biggest liquidation launched itself from the **Binance exchange**—a single ETH/BTC position worth **$25.6 million** took off like a hot air balloon with a slow leak.
– **36.8% of liquidations** went down on Binance, proving they really are the undisputed heavyweight champ of crypto trading.
## Hot Take
Well, folks, it seems like the crypto markets threw a party, but nobody checked if their chairs were bolted to the floor. With traders getting liquidated faster than you can say “HODL,” it’s a rough ride out there! Remember, if you feel like you’re on the verge of a crypto meltdown, maybe stick to reading fortunes in tea leaves instead. 💵☕️ #CryptoChaos #LiquidationNation #EtherlyNotOkay
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tags: cryptocurrency, liquidations, Ether, Binance, market crash, trading
