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Over $130 Million Liquidated from Crypto Market in One Hour Amid Inflation Concerns
On September 10, the cryptocurrency market experienced a significant liquidation event, with approximately $129 million in positions forcibly closed across major exchanges within a single hour. This wave of liquidations primarily affected long traders, who accounted for $122 million of the total, while short sellers faced losses of about $7.3 million, according to data from Coinglass.
Ethereum was the hardest hit asset, with around $49 million in liquidations, followed by Bitcoin, which saw approximately $35 million liquidated. The broader cryptocurrency market also felt the impact, with total market capitalization declining by about 1.8% to $2.71 trillion. On the same day, Bitcoin was trading around $77,000, reflecting a decrease of 1.9%.
The liquidation surge was triggered by an unexpected rise in the US Producer Price Index, a key indicator of wholesale inflation, which shifted market sentiment towards a risk-off approach. Additionally, spot Bitcoin exchange-traded fund (ETF) outflows exceeded $120 million during the same session, further intensifying the market pressure.
This incident highlights the interconnected nature of the crypto derivatives market, where forced closures can exceed $1 billion in a single day. The significant disparity between long and short liquidations indicates that the market was heavily skewed towards bullish leverage prior to this event, raising concerns about risk management and market structure in 2026.
Source: KLEA News