Bitcoin, ether whipsaw wipes out $286 million in leveraged bets

MarketsBitcoin, ether whipsaw wipes out $286 million in leveraged bets Price volatility around the Federal Reserve's rate decision cleared positions for roughly 90,000 traders, with unusually equal losses for bulls and bears.By Shaurya Malwa|Edited by Omkar GodboleUpdated Jul 30, 2026, 7:54 a.m. Published Jul 30, 2026, 6:59 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowNearly $286 million in crypto derivatives positions were liquidated over 24 hours, even as bitcoin traded roughly flat around $63,900 and ether slipped modestly to $1,900.Liquidations were split between longs and shorts in major coins, with about $57 million in bitcoin and $58 million in ether positions wiped out amid price swings of less than 2%.Equity perpetuals on crypto exchanges saw heavy, mostly long-side losses tied to the AI chip trade, as leveraged bets on SanDisk, Micron, SK Hynix and a semiconductor ETF were hit by the sharpest chip selloff of the year.Major cryptocurrencies are unchanged over 24 hours. But masking the calm are erratic back-and-forth price swings around the Fed meeting that flushed out leveraged futures bets, triggering heavy liquidations.About $286 million in positions were liquidated across 87,294 traders in 24 hours, according to CoinGlass. Longs accounted for $186 million of the damage and shorts $100 million, the signature of a market that moved hard in both directions and settled back where it started.Bitcoin’s data show that both bulls and bears have borne the brunt of liquidations. Roughly $57 million in bitcoin positions were cleared, and the balance was nearly even, with about $28 million in longs against $29 million in shorts. The price swung between $63,247 and $64,660 during the window, a range of barely 2%, which was enough to clear traders positioned either way.The single biggest liquidation was a $2.9 million bitcoin position on Binance.Ether recorded the largest total a…

Bitcoin, ether whipsaw wipes out $286 million in leveraged bets

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