Biggest Single-Day Crypto Liquidation Events

History shows that massive liquidation events often occur during rapid leverage unwinding, with several milestones exceeding $1 billion in losses.

The top 3

  1. The May 2021 Crash Record: The May 19, 2021, market crash saw over $8 billion in liquidations across the crypto market as prices halved in a single session.
  2. The FTX Collapse Liquidation Wave: The November 2022 collapse of FTX triggered approximately $3 billion in liquidations within 24 hours as trust in centralized exchanges evaporated.
  3. The March 2020 Black Thursday: On March 12, 2020, leverage liquidations pushed Bitcoin below $4,000, resetting the market and wiping out billions in open interest.

Sources

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