Market turbulence: $690.4 billion in contracts liquidated in the past 24 hours, with BTC and ETH as the hardest hit areas

YieldWhisperer · 2026-01-17T04:20:10+00:00

On January 17th, the cryptocurrency market experienced a severe liquidation, with the total loss in the global futures market reaching up to $690.427 billion. BTC and ETH were liquidated for $4.66 million and $10.32 million respectively, and other cryptocurrencies such as SOL and XRP also faced significant losses, with leveraged traders being liquidated en masse.

YieldWhisperer

2026-01-17 04:20:10

Abstract generation in progress

【Crypto World】The crypto market was quite turbulent yesterday. On January 17th, the entire contract market can be described as “blood flowing in rivers”—the total liquidation amount within 24 hours reached $690.427 billion.

Specifically, BTC experienced the largest liquidation, with nearly $4.66 million in positions being instantly cleared. ETH followed closely, with a liquidation amount of $10.32 million. Just think about this number—how many retail investors’ dreams were shattered.

Other popular cryptocurrencies were not spared: SOL had a liquidation of $3.2775 million, and XRP was liquidated for $526,600. This wave of market activity probably washed out all the leveraged players.

BTC0,35%

ETH1,26%

SOL0,18%

XRP1,22%

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ChainSauceMaster

· 9h ago

Another "bloodbath" day, huh? Just looking at these numbers gives me the creeps—over 690 billion evaporated overnight... Retail investors are probably getting cut again. Leverage is truly a poison; greed turns into a negative in a second. I'll just watch the show quietly. BTC and ETH, the two big brothers, couldn't hold up either, indicating that the market is definitely up to something.

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0xSunnyDay

· 14h ago

Leverage traders are being exploited again. This round of market movement is really fierce. Retail investors have suffered heavy losses. --- 690.4 billion in liquidations? Oh my, that number is a bit outrageous. It feels like the entire market is harvesting profits from the weak. --- BTC and ETH both couldn't escape. It seems this is a systemic crash. Not daring to use leverage anymore is truly justified. --- Another bloodbath like this. Why do some people insist on playing with leverage? Isn't this just giving away money? --- 690.4 billion in liquidations in one day. How many people must have gone bankrupt? I'm just glad I didn't use leverage. --- Just looking at these numbers shows how brutal this round is. Where did the retail investors' money flow to this time? --- Contract liquidations happening so frequently. Leverage really is a trap. Spot trading is more reliable. --- ETH liquidation exceeded 10 million. How many people's dreams have been shattered? Leverage is still too risky. --- That's why I advise everyone not to touch leverage. One market crash can wipe you out completely. It's too terrifying. --- The bloodbath has started again. When will there be a stable market?

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MetaverseVagrant

· 14h ago

I got washed out again, leverage really is a killer.

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GateUser-cff9c776

· 15h ago

$690.4 billion, how many stories of "I'll just leverage 5x and play around" does that make? According to the supply and demand curve, this is the market doing artistic cleaning [dog head]

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potentially_notable

· 15h ago

Haha, it's another day of cutting leeks, and my leveraged orders didn't escape either. The futures market is really a meat grinder; I can't afford to play. These numbers make my heart ache. I don't know how many people have been liquidated and lost so much they doubt life itself. Leverage is just a trap; every time I say I won't play anymore, I end up can't resist. Exchanges that survive on trading fees must be laughing their heads off. Retail investors are really just the leeks in this wave of market行情; they'll never get that money.

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