Ethereum leads $336M liquidation wave with heavy long losses
In the 24 hours between June 11 and 12, the crypto market saw $336.84 in liquidations, with over 114,000 traders rekt as leveraged positions were flushed out across most exchanges.
Nearly 74% of total liquidations came from longs following a sharp intraday correction, most likely driven by a retracement in ETH, which alone accounted for over $113 in forced exits.
Ethereum’s dominance in the liquidation charts stands out, nearly doubling Bitcoin’s $58.54 million. This pattern often emerges when ETH outperforms during rallies and then sharply corrects, catching overexposed long traders off guard.
The ETH-led cascade extended across other majors, including $13 million in Solana and $10.75 million in Dogecoin liquidations. Data from CoinGlass showed that mid-caps such as XRP, SUI, and PEPE registered visible but less concentrated losses.
Exchanges followed their usual hierarchy, with Binance and Bybit jointly accounting for two-thirds of all forced closures, $112.21 million and $110.25 million, respectively. OKX and Gate trailed with $52 million and $34 million.
Long exposure dominated most venues, particularly on BitMEX and Bybit, where over 80% of liquidations were longs. Bitfinex was the only exception, skewing toward short liquidations, likely reflecting a different trader profile, typically lower leverage, and discretionary directional bets.
The largest single liquidation, a $2.15 million BTCUSD-PERP order on Binance, suggests one-sided positioning ahead of a price swing.
This continues a broader pattern seen in recent weeks where traders loaded into long positions during periods of low volatility, leaving them vulnerable to sudden downside moves.
The post Ethereum leads $336M liquidation wave with heavy long losses appeared first on CryptoSlate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
HashKey IPO oversubscribed by 300 times as investors bet on its position in the new era
During downturns, it is of no benefit to the industry’s development to easily short Asian crypto institutions and ecosystems.

Trending news
MoreBitget Daily Digest (Dec. 15)|Hassett stresses Fed independence, says Trump’s views “carry no weight”; Bitcoin OG increases ETH long positions, total exposure reaches $676 million
Bitget US Stock Morning Brief | Fed’s Third Rate Cut Faces Dissent; AI Tech Valuations Hit Hard; Cannabis Stocks Soar on Policy Optimism (December 15, 2025)
