TLDR
There isnt a single authoritative weekly total published, but this week saw multiple large 24h liquidation spikes, peaking around $514 million in one day as markets reset leverage per a market report.
- Other 24h tallies included roughly $500 million and $437 million on different days per market coverage.
- Later in the week, 24h liquidations were cited near $318 million during another volatility patch per an update.
- An exact week total varies by method because most sources report rolling 24h windows rather than non overlapping weekly sums.
Deep Dive
1. Daily Spikes This Week
The best available public figures are daily 24h liquidation totals, not a single weekly sum. Here are notable prints in the past few days (UTC):
- About $514 million liquidated over 24h during a sharp leverage reset on 11 Dec, with most on the long side per a market report.
- Roughly $500 million in 24h liquidations reported around 11 Dec as risk assets pulled back per market coverage.
- Around $437 million in 24h liquidations on 12 Dec as selling extended per a market wrap.
- Near $318 million over 24h cited on 13 Dec as volatility persisted per an update.
- Earlier in the week, smaller reads such as $249 million were noted during mixed macro days per a market brief.
The market experienced repeated leverage flushes this week rather than one isolated event, so a single week figure is less informative than the pattern of frequent large 24h resets.
2. Why Liquidations Surged
A combination of macro and positioning drove the wipeouts. Reports cite sharp intraday swings that forced long positions to unwind and concentrated liquidations on major venues as open interest and funding had built up earlier in the week per a market report.
When leverage is one sided and momentum stalls, small price moves can cascade into forced selling, amplifying volatility.
3. Interpreting This Week
Most public trackers publish rolling 24h totals, not a clean Monday to today weekly sum. Summing reported 24h totals can double count because windows overlap. If you want a precise weekly figure, we can define a fixed window (for example Monday 00:00 to now in UTC) and compile non overlapping daily cuts.
Treat the repeated 24h spikes as a signal that leverage remains elevated and reactive. For planning, watch for falling funding and open interest alongside smaller liquidation prints.
Conclusion
This week featured several large 24h liquidation waves, topping out near $514 million in a day, with additional days printing $500 million, $437 million, and $318 million. The pattern points to recurring leverage resets rather than one-off stress, suggesting caution until positioning normalizes.
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