A wave of liquidations appears on the chain: 5.83 million people pressured within 24 hours, with the largest single loss exceeding 6.8 million

HashBandit · 2026-01-20T16:06:11+00:00

Recently, the market has experienced intense volatility. In the past 4 hours, a wave of liquidations across the entire network has led to $236 million in positions being forcibly closed, mainly affecting long positions. Over 140,000 traders were liquidated within 24 hours, amounting to $583 million, prompting market participants to adopt a cautious attitude.

HashBandit

2026-01-20 16:06:11

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【Blockchain Rhythm】 Recently, market fluctuations have been intense, and market participants’ pressure has increased accordingly. According to on-chain data, there was a clear wave of liquidations in the past 4 hours—totaling $236 million in positions being forcibly closed. Among them, longs were under the most pressure, with $209 million in long positions wiped out. Shorts also suffered losses, but relatively smaller (about $26.85 million).

How fierce is the impact of this wave of liquidations? Just look at the 24-hour data. Over the past day, more than 140,000 people worldwide were liquidated, involving a total of $583 million. The most severe single liquidation occurred on the ETH-USD contract on Hyperliquid exchange, where a trader was liquidated for over $6.8 million. It’s easy to imagine how much psychological impact such a level of liquidation can have on participants. After experiencing such a reshuffle, market sentiment will inevitably become more cautious in the short term.

ETH-4.99%

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MerkleTreeHugger

· 15h ago

$68 million gone in an instant, that guy must be hurting... How long will it take to recover?

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HorizonHunter

· 15h ago

6.8 million directly lost, how heartbreaking is that The liquidation wave is really fierce, just looking at the data makes you gasp This time, the bulls are truly being swept out 140,000 people liquidated in one day, the market is really outrageous I can't even bear to look at that Hyperliquid order With such a fierce market, it's better to play it safe This reshuffle is quite intense, time to reflect Losing 6.8 million, how could anyone not be cautious? Anyone would be scared

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GamefiHarvester

· 15h ago

$68 million gone in one shot, who can handle that? I'm about to be stripped of my pants. 140,000 people liquidated, is this going to wipe out the bulls? It's too crazy. The contract killer is back again, this time the bulls are really getting beaten. We small retail investors are still safest lying down, don't join in this excitement. This wave of market movement is really outrageous, watching others lose money in blood, I feel sorry for them. Bulls deserve it, so greedy and still trying to make quick money? I'm just watching the show, anyway I have no positions, haha. I don't understand why some people still dare to use such high leverage, it’s like going back to the liberation front overnight.

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ZkSnarker