Over $600M liquidated from crypto market in a single hour as leveraged longs get wiped out
The crypto market experienced a significant liquidation event, with over $609 million wiped out in just one hour. Most of the liquidations were from long positions, particularly in Bitcoin and Ethereum. This event highlights the risks associated with leveraged trading in volatile markets.
- ▪Over $609 million in futures positions were liquidated in a single hour.
- ▪Long positions accounted for $592 million of the liquidations, primarily affecting Bitcoin and Ethereum traders.
- ▪Bitcoin-linked liquidations reached $152 million, while Ethereum accounted for $78.8 million.
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<img src="https://static.cryptobriefing.com/wp-content/uploads/2026/05/17213934/bitcoin-price-whipsaw-wipes-out-600m-as-longs-and-shorts-bot-1-800x420.jpeg" alt="Over $600M liquidated from crypto market in a single hour as leveraged longs get wiped out" class="w-full aspect-[19/10] object-cover" /> Over $600M liquidated from crypto market in a single hour as leveraged longs get wiped out Long positions accounted for $592 million of the carnage, with Bitcoin and Ethereum traders bearing the brunt of a brutal liquidation cascade. Share Add us on Google by Editorial Team May. 17, 2026 The crypto market just had its face ripped off.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Crypto Briefing.
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