Over $19 billion in leveraged positions were liquidated in a single day, setting a new record for the crypto market.

According to Odaily Planet Daily, following US President Donald Trump's announcement of a 100% tariff on Chinese imports on October 10-11, 2025, approximately $19 billion in leveraged positions in the cryptocurrency market were liquidated within 24 hours, affecting over 1.6 million traders, including about $16.7 billion in long positions. Open interest in perpetual contracts on major exchanges decreased by 43% in a single day, from $217 billion to $123 billion; open interest on the decentralized derivatives exchange Hyperliquid decreased by 57%, from $14 billion to $6 billion. Market makers estimated the actual liquidation scale could reach $30 billion to $40 billion. On January 20, 2026, over 182,000 traders had their positions, totaling $1.08 billion, liquidated. On February 1st, approximately $2.2 billion in positions were liquidated within 24 hours, including $961 million in Ethereum, $679 million in Bitcoin, and $168 million in Solana. Long positions accounted for approximately 80% to 85% of these liquidations. (Bitcoin.com News)