 Crypto market liquidations likely reached $10B — Bybit CEO 
2025-02-03
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The recent crypto market correction may have liquidated up to $10 billion worth of capital, far exceeding previous figures, according to Bybit’s CEO.
Over $2.24 billion was liquidated from the crypto markets in 24 hours on Feb. 3, according to CoinGlass data.
However, the recent crypto market correction may have liquidated over five times this amount, according to Ben Zhou, co-founder and CEO of Bybit exchange.
“Bybit’s 24hr liquidation alone was $2.1 billion, wrote Zhou in a Feb. 3 X post:

The multibillion-dollar crypto liquidation event occurred amid growing macroeconomic concerns over a potential global trade war, days after President Donald Trump signed an executive order to impose import tariffs on goods from China, Canada and Mexico, according to a Feb. 1 statement from the White House.