$2.2 billion liquidated ⚠️

$2.2 billion worth of crypto derivatives have been liquidated in the past day as Bitcoin fell to $81,000.

Author

Stacy Jones
November 21, 2025

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📝 What you need to know

More than $2 billion worth of crypto derivative contracts have been liquidated since yesterday as Bitcoin slid to $81,000. It’s almost enough to make a trader wistful for this time yesterday, when liquidations were only nearing $1 billion.

“This is the first major flush since October 10,” Maarten Regterschot, a verified analyst at CryptoQuant, told Decrypt.

“While the historic liquidation event on October 10 was driven by spot selling, the current drop is leverage-driven,” the analyst explained.

Bitcoin, XRP and Dogecoin Pummeled as Crypto Liquidations Top $2.2 Billion

Bitcoin is starting to recover after sliding to $81,000 earlier Friday, while coins like Ethereum and XRP have fallen harder on the day.

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