Statistics: This year, the total value locked (TVL) across the network reached $150 billion, with the "1011" crash holding systemic significance

BlockBeats News, December 26th, according to Coinglass data, within 2025, the total nominal amount of forced liquidation of long and short positions on the entire network is approximately 150 billion U.S. dollars, corresponding to a daily average of about 4-5 billion U.S. dollars of normal leverage reshuffling.

On the vast majority of trading days, the scale of long and short liquidations is maintained in the range of tens of millions to hundreds of millions of U.S. dollars, mainly reflecting daily margin adjustments and short-term position liquidations in a high-leverage environment, with limited mid- to long-term impact on price and structure. The pressure with real systemic significance is concentrated in a few extreme event windows, with the mid-October 10·10–10·11 deleveraging event being the most typical.