Bitcoin, ether whipsaw wipes out $280 million even as prices remain flat over 24 hours
Price volatility around the Federal Reserve’s rate decision cleared positions for roughly 90,000 traders, with unusually equal losses for bulls and bears.
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Summary
- Nearly $286 million in crypto derivatives positions were liquidated over 24 hours, even as bitcoin traded roughly flat around $63,900 and ether slipped modestly to $1,900.
- Liquidations were split between longs and shorts in major coins, with about $57 million in bitcoin and $58 million in ether positions wiped out amid price swings of less than 2%.
- Equity perpetuals on crypto exchanges saw heavy, mostly long-side losses tied to the AI chip trade, as leveraged bets on SanDisk, Micron, SK Hynix and a semiconductor ETF were hit by the sharpest chip selloff of the year.
