Nearly $286 million in leveraged crypto positions were wiped out in 24 hours as volatility spiked around the Fed decision, despite stable prices.
Crypto markets saw $286 million in derivatives liquidations over the past 24 hours, erasing positions for roughly 90,000 traders despite bitcoin and ether prices remaining largely unchanged. The volatility followed the Federal Reserve’s rate decision, triggering sharp but short-lived price swings of less than 2% in major coins.
Bitcoin traded flat around $63,900, while ether dipped modestly to $1,900. Liquidations were evenly split between longs and shorts, with $57 million in bitcoin and $58 million in ether positions wiped out. Longs accounted for $186 million of the total losses, while shorts contributed $100 million.
The moves also hit equity perpetuals tied to semiconductor stocks, as leveraged bets on companies like Micron and SK Hynix faced the sector’s sharpest selloff of the year. Bitcoin’s price oscillated between $63,247 and $64,660 during the period.