Traders betting against Cardano (ADA), XRP, and Solana (SOL) were hit the hardest after prices surged following U.S. President Donald Trump’s announcement of a strategic crypto reserve.
Quick Take delivers key facts fast—concise, clear, and easy to read. Perfect for busy readers.
The numbers:
- $810.88M (₱46.9 billion) liquidated in the past 24 hours, with 176,677 traders wiped out.
- Shorts accounted for $545.74M as ADA, XRP, and SOL surged.
- The biggest liquidation order was a $15.49M BTCUSDT trade on Binance.
The surge came after U.S. President Donald Trump announced a strategic crypto reserve that would include XRP, Solana, and Cardano, later adding Bitcoin (BTC) and Ethereum (ETH).
- The surge came after U.S. President Donald Trump announced a strategic crypto reserve that would include XRP, Solana, and Cardano, later adding Bitcoin (BTC) and Ethereum (ETH). F
Exchange liquidation breakdown:
Bybit, OKX, and Binance saw the biggest liquidations:
- Bybit: $21.86M (53.73% short liquidations)
- OKX: $21.25M (66.97% short liquidations)
- Binance: $14.95M (53.83% short liquidations)
Biggest liquidations by asset:
- Cardano (ADA): $3.91M liquidated
- Bitcoin (BTC): $2.90M liquidated
- Ethereum (ETH): $2.76M liquidated
- Solana (SOL): $1.38M liquidated
- XRP: $1.20M liquidated
All data is from Coinglass.
What happened: Traders underestimated how quickly Trump’s crypto-friendly policies could move markets.
- While BTC and ETH also gained, altcoins took center stage, benefiting from their inclusion in the reserve.
What’s next: More market-moving news could be on the way as the US administration announced a crypto summit.
This article is published on BitPinas: Massive Short Liquidations as Crypto Reserve News Triggers Market Surge
What else is happening in Crypto Philippines and beyond?
