Crypto Liquidations Surge to $349 Million in Last 4 Hours

Total Liquidations Reach $349 Million

Cryptocurrency traders faced major losses as total liquidations hit $349 million in the last four hours on December 15, 2025. This figure comes from aggregated data across platforms like Binance, OKX, and Bybit.

Long positions bore the brunt, with $323.44 million wiped out, compared to $25.56 million in short positions. The percentage of long positions liquidated stood at 92.68 percent, showing a heavy bias toward bullish traders caught off guard by price drops.

A separate report confirmed a related spike, noting a $210 million liquidation storm in just one hour during the same period, driven by Bitcoin’s sudden fall to $86,700.

Top Coins Hit Hardest by Liquidations

Bitcoin led the pack with $127.09 million in liquidations over the four-hour span, including $121.93 million from longs and $5.16 million from shorts. Ethereum followed closely at $98.44 million total, with $90.22 million in long positions erased. Solana saw $21.76 million liquidated, mostly longs at $19.02 million.

Other notable coins included XRP and DOGE, though exact four-hour breakdowns for these were less prominent in the data.

Largest Single Order and Exchange Impact

The biggest single liquidation order occurred on Binance for BTCUSDT, totaling $11.58 million. This event highlights the risks of high leverage in volatile conditions. Binance, as the largest exchange by volume, accounted for a significant portion of the activity, but data from multiple platforms confirms widespread impact.

In a parallel snapshot, another aggregator reported 1-hour liquidations at $105.5 million, with a top order of $5.22 million on a different exchange. This supports the pattern of cascading forced sales.

Broader Market Context and Volatility

The liquidations coincided with Bitcoin dropping below $88,000, marking a 1.35 percent decline in 24 hours, per market data. Ethereum also fell below $3,000 briefly. Overall crypto market capitalization dipped 0.5 percent to $3.15 trillion, with 80 of the top 100 coins posting losses.

Analysts link this to low liquidity and expectations around global economic moves, such as potential rate changes. While 24-hour liquidations were lower at $286.29 million in some reports, the four-hour surge points to accelerating downside pressure.