According to @KobeissiLetter, heading into President Trump's 100% China tariff announcement, markets were positioned with elevated leverage and looking for a catalyst to pull back, making the post the reason for a selloff within a broader uptrend, source: @KobeissiLetter. The author notes the S&P 500 had not seen a 2%+ decline for six months, highlighting stretched risk appetite ahead of the move, source: @KobeissiLetter. The author reports nearly $20 billion was liquidated in crypto within 24 hours, indicating excessive leverage and forced deleveraging across digital assets, source: @KobeissiLetter. The move is framed as driven by fear and greed dynamics that had tipped too far toward greed, with the guidance to ignore noise and follow the prevailing trend, source: @KobeissiLetter.

According to the source, $304.2 million in crypto positions were liquidated over the last 24 hours. According to the source, the alert refers to aggregate market liquidations and does not provide a breakdown by long versus short, assets, or exchanges. According to the source, the update was posted on Oct 6, 2025, and no additional metrics were disclosed.

According to the source, USD 198 million in crypto derivatives positions were liquidated over the last 24 hours, comprising USD 126 million from long positions and USD 72 million from short positions, source: provided X post dated Sep 22, 2025. The split equals 63.6% longs and 36.4% shorts, a long-to-short liquidation ratio of 1.75, and a net USD 54 million excess in long liquidations, source: calculations from the provided X post.

According to @rovercrc, approximately $700,000,000 in crypto long positions were liquidated over the past 24 hours, highlighting a broad leverage flush that traders monitor for liquidity-driven moves, source: @rovercrc on X, Aug 26, 2025.

According to Miles Deutscher, total open interest across crypto markets declined by 11% following an exploit on Bybit. This decline was attributed to traders closing positions out of fear and an urgency to withdraw, leading to a market-wide deleveraging. The potential for capital to flow back into markets remains uncertain as traders reassess risk exposure.