Bitcoin, Ether and XRP Selloff Triggers Nearly $1 Billion in Liquidations

A broad selloff in Bitcoin (BTC), Ether (ETH) and XRP triggered nearly $1 billion in liquidations, with the largest single order involving an ETH/USDT order worth almost $50 million. The largest order represented roughly 5% of the reported total, using the rounded figures. The near-$1 billion aggregate was about 20 times the size of the almost $50 million ETH/USDT position. That comparison separates the scale of the full liquidation wave from the event’s largest single order. BTC, ETH and XRP were all named in the selloff, while the biggest order was tied specifically to the ETH/USDT pair. Ether therefore appears in both parts of the episode: it was among the assets hit by the broad decline and in the pair involved in the biggest individual liquidation.

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