Bybit Sees $11 Million Bitcoin Liquidation as Market Volatility Triggers $763 Million in Crypto Liquidations

Bitcoin’s price volatility led to over $763 million in liquidations, with Bybit recording the largest single liquidation of an $11 million BTC/USD contract. The market’s reaction to macroeconomic data highlights Bitcoin’s growing maturity as an asset class.

Bitcoin Liquidations Surge Past $763 Million Amid Price Volatility

Bitcoin’s price briefly dipped below $103,000 early Tuesday, triggering a cascade of Leveraged position liquidations totaling $763 million. Coinglass data reveals 73% were long positions, with the largest single liquidation—an $11 million BTC/USD contract—occurring on Bybit.

The market’s reaction to the latest CPI data remains measured, underscoring Bitcoin’s evolving maturity as a macro asset. Extreme leverage continues to amplify volatility, with both bulls and bears facing heightened risk in current conditions.

Over $600 Million in Crypto Liquidations as Bitcoin, Ethereum Lead May 13 Sell-Off

Crypto markets faced a brutal reckoning on May 13, 2025, with leveraged positions worth over $600 million liquidated in a single day. The sell-off, led by Bitcoin and Ethereum, wiped out 187,747 traders as volatility surged.

Bybit bore the brunt of the carnage, recording $320.69 million in liquidations—including an $11 million bitcoin order. The event marks a sharp reversal from earlier May optimism, underscoring crypto’s fragility during sentiment shifts.