In 2025, the total liquidation amount in the crypto market has exceeded $150 billion, with an average of about $400 million to $500 million per day. Most liquidation events on trading days range from tens of millions to hundreds of millions of dollars, while extreme events such as the deleveraging incident on October 10 resulted in over $19 billion in liquidations, mainly concentrated in long positions, with long position liquidations accounting for 85-90%.