The cryptocurrency derivatives market registered more than $1 billion in forced liquidations during the 24-hour period ended early 13 June, according to on-chain trackers including Cointelegraph and Lookonchain. Roughly $943 million of the total came from long positions, and data show 214,270 traders were affected as Bitcoin, Ether and other major tokens fell sharply. The largest individual wipe-out was a $201 million Bitcoin/USDT long position on Binance. Another high-profile trader operating under the alias AguilaTrades closed a 20-times-leveraged Bitcoin long originally exceeding $400 million, crystalising losses of more than $12 million. By contrast, address 0xcB92 expanded its 40,000-Ether short to about $114 million and is sitting on an unrealised profit of roughly $9.4 million after Ether slipped below $2,800. Large transfers accompanied the volatility. A newly created wallet withdrew about 850,000 SOL—valued at more than $135 million—from Coinbase Institutional before staking the entire amount, while another holder moved 1.33 million SOL (approximately $221 million) to several centralised exchanges. Stable-coin flows also spiked, with more than $378 million in USDT routed to OKX across multiple deposits. Despite the shake-out, leverage remains elevated. Daily crypto futures volume reached roughly $265 billion, and total open interest hovered near $154 billion, indicating that substantial risk remains embedded in the market even after the latest round of liquidations.