Price swings surrounding the Federal Reserve's rate decision led to significant liquidations, affecting nearly 90,000 traders with balanced losses for both bulls and bears.
By Shaurya Malwa|Edited by Omkar GodboleUpdated Jul 30, 2026, 7:54 a.m. Published Jul 30, 2026, 6:59 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on $286 million in crypto derivatives positions were liquidated in 24 hours amid price volatility. (Shutterstock)SummaryShow- Approximately $286 million in crypto derivatives were liquidated within a day, as Bitcoin remained stable around $63,900 while Ether dipped slightly to $1,900.
- Liquidations affected both long and short positions, with $57 million in Bitcoin and $58 million in Ether wiped out during price shifts of less than 2%.
- Equity perpetuals on crypto exchanges faced substantial losses, primarily from long positions tied to the AI chip sector, as leveraged bets on various semiconductor stocks were hit hard by a significant selloff.
Despite major cryptocurrencies showing little change over the past 24 hours, significant price fluctuations leading up to the Federal Reserve meeting led to the liquidation of leveraged futures positions.
Data from CoinGlass indicates that around $286 million in positions were liquidated across 87,294 traders within a 24-hour span. Of this, $186 million were long positions and $100 million were shorts, reflecting a market that experienced sharp movements in both directions before stabilizing.
Bitcoin's liquidations impacted both bullish and bearish traders, with approximately $57 million in Bitcoin positions cleared and a nearly equal split between $28 million in long positions and $29 million in shorts. During this period, Bitcoin fluctuated between $63,247 and $64,660, a range of just under 2%, sufficient to trigger liquidations on both sides.
The largest single liquidation recorded was a $2.9 million Bitcoin position on Binance.
For Ether, the total liquidation was about $58 million, primarily affecting long positions, as its price oscillated between $1,850 and $1,920. Currently, Bitcoin BTC$63,913.58 is trading around $63,900, roughly unchanged from the previous day. Ether (ETH) is also stable at $1,900.
The most significant liquidations occurred around the Federal Reserve's rate decision, which resulted in erratic price movements and led to $188 million in liquidations, with long positions contributing $130 million to that figure.
In a notable occurrence, equity futures traded on crypto exchanges also saw substantial losses. Around $19 million in SanDisk positions were liquidated on these venues, alongside $10 million in Micron, $7 million in SK Hynix, and $7 million in SOXL, a leveraged ETF for semiconductors. These positions are perpetual futures on stocks and funds, traded on crypto exchanges with leverage comparable to Bitcoin's.
(Shaurya Malwa/CoinDesk)The majority of these liquidations were from long positions. Micron's liquidations were approximately $9 million for longs against $1 million for shorts, while SanDisk's were two to one. Traders had been utilizing crypto exchanges to speculate on the AI memory trade's rise, positioning themselves ahead of a sharp downturn in the chip market.
However, their timing proved unfortunate. SK Hynix saw a 17% drop on Wednesday after reporting a 557% profit increase that fell short of expectations. Korea's Kospi index has declined over 40% since its peak in June.
This marks the second incident this week where equity perpetuals on crypto exchanges have led to significant losses. Earlier in the week, one trade on a lightly traded Korean pre-market venue caused Trade.xyz's SK Hynix contract to plunge 19%, resulting in $60 million in liquidations, which the exchange has agreed to reimburse.
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Anvil: The Missing Collateral Layer
Anvil: The Missing Collateral Layer
Anvil is a shared on-chain collateral layer designed to function as a programmable letter of credit, ensuring reserve assets as guarantees without loans or interest, allowing for custody and yield.
By CoinDesk Research18 hours agoCommissioned byAnvilAnvil is a shared on-chain collateral layer designed to function as a programmable letter of credit, ensuring reserve assets as guarantees without loans or interest, allowing for custody and yield.
Why it matters:
Anvil is a shared on-chain collateral layer designed to function as a programmable letter of credit, ensuring reserve assets as guarantees without loans or interest, allowing for custody and yield.
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