$71M crypto liquidations hit as XPL volatility spikes despite stable BTC and ETH prices

About $71.2 million in leveraged crypto positions were liquidated in 24 hours, driven mainly by a $27.8 million sell-off in XPL amid stable Bitcoin and Ethereum prices. While BTC and ETH liquidations totaled $33.6 million combined, their price movements remained contained, indicating liquidations were due to leverage sensitivity rather than major market shifts. The liquidation surge in XPL suggests token-specific issues or liquidity constraints, highlighting risks in smaller tokens even when major cryptocurrencies trade steadily. Traders should be cautious of leverage and liquidity risks during such volatile adjustment phases.