CoinGlass: Crypto market liquidations to reach $150 billions in 2025, with a daily average of about $400-500 millions

PANews, December 25th – According to CoinGlass's annual report, the total amount of forced liquidations in the crypto derivatives market in 2025 is estimated to be around $150 billions, with a daily average of approximately $400-500 millions. The concentrated deleveraging event from October 10th to 11th was particularly notable, with liquidation volumes exceeding $19 billions in a single day, and long positions accounting for 85%-90% of the total. The event was triggered by the United States announcing additional tariffs on Chinese imports, prompting market risk aversion. Coupled with BTC's high leverage status, this led to a surge in liquidation chain pressure.

The report points out that deviations in the execution of the Auto-Deleveraging (ADL) mechanism intensified market volatility, with some long-tail assets experiencing declines of over 80%. Illiquid assets were especially affected. Although no systemic defaults occurred, the fragility of the liquidation system exposed shortcomings in tail risk management. The analysis predicts that improvements to liquidation mechanisms and the prevention of systemic risks will become key topics for the market in 2026.