"Bitcoin touched $81,050-its lowest level since April-while Ethereum ( CRYPTO: ETH) plunged 10%. Major tokens like Solana, XRP, and Binance Coin weren't spared either, losing between 20% and 35% from their November highs. Coinglass reported that 391,000 traders were liquidated, and the Crypto Fear & Greed Index sank to 11, a level not seen since the FTX collapse in November 2022."
"Coinglass data shows 391,000 traders lost positions, with total liquidations reaching $1.91 billion. Long positions took the brunt-$1.78 billion compared to just $129 million in shorts. That lopsided ratio shows how heavily traders were betting on prices moving higher. Bitcoin led the carnage with $960 million in liquidations, followed by Ethereum at $403 million. The single largest liquidation was a $36.78 million BTC position on Hyperliquid (a decentralized perpetuals exchange)."
On November 21, 2025, the crypto market experienced a severe selloff that erased roughly $1.91–$2 billion in leveraged positions within 24 hours and forced 391,000 trader liquidations. Bitcoin fell below key support, touching $81,050, while Ethereum dropped about 10%; major altcoins declined 20–35% from November highs. Long liquidations accounted for about $1.78 billion versus $129 million in shorts, indicating heavy long exposure. Bitcoin and Ethereum led liquidations with roughly $960 million and $403 million wiped respectively, including a single $36.78 million BTC liquidation on Hyperliquid. The total market cap slipped below $3 trillion and sentiment plunged to extreme fear.
Read at 24/7 Wall St.
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