BlockBeats news, December 26, according to Coinglass data, in 2025, the total nominal amount of forced liquidations across the network (long and short combined) was approximately $150 billion, corresponding to a daily average of about $4–5 billion in normal leverage reshuffling.
On the vast majority of trading days, the scale of long and short liquidations remained in the range of tens of millions to several billion dollars, primarily reflecting daily margin adjustments and short-term position unwinding in a high-leverage environment, with limited medium- to long-term impact on prices and structure. The truly systemic pressure was concentrated in a few extreme event windows, with the mid-October 10·10–10·11 deleveraging event being the most typical.
