{"id":49220,"date":"2025-03-16T21:19:51","date_gmt":"2025-03-16T21:19:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-market-sees-over-230-million-in-liquidations\/"},"modified":"2025-03-16T21:19:51","modified_gmt":"2025-03-16T21:19:51","slug":"crypto-market-sees-over-230-million-in-liquidations","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-market-sees-over-230-million-in-liquidations\/","title":{"rendered":"Crypto market sees over $230 million in liquidations"},"content":{"rendered":"

(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b>
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The crypto market continues to struggle with downward pressure, with over $230 million in liquidations recorded in a single day.<\/p>\n

Per data from Coinglass<\/a>, total liquidations were up 157% in the past 24 hours. Over this period, more than 95,478 traders had been liquidated.<\/p>\n

At the time of writing, the total liquidations stood at $232 million. Data showed the largest single liquidation order coming in on Binance for an ETH\/USDT position valued at $5.59 million.<\/p>\n

ETH, XRP and SOL liquidations<\/h2>\n

The crypto market<\/a>\u2019s total capitalization stands at $2.8 trillion, with Bitcoin\u2019s dominance at 58.9%.<\/p>\n

However, the latest wave of liquidations has hit traders hard, particularly those convinced the price was on the upward mend.<\/p>\n

With leveraged positions largely longs, most of the rekt positions were bullish bets. Coinglass data shows over $73 million and nearly $44 million are for Bitcoin and Ethereum.<\/p>\n

XRP and Solana also witnessed huge liquidation.<\/p>\n

Crypto price outlook<\/h2>\n

As noted, Bitcoin (BTC) saw over $73 million in liquidations.\u00a0 This followed another massive short position for BTC, with a whale taking a 40x leverage. The whale\u2019s liquidation is above $86,000. BTC price currently hovers around $83,316. What happens to the whale?<\/p>\n

Crypto trader and analyst Ash Crypto notes an announcement from Strategy founder Michael Saylor buying more BTC could see the $380 million whale record substantial losses.<\/p>\n

\u201cIf Saylor announces that he is buying $2 billion Bitcoin soon or even hints it, $380 million 40x short whale will get liquidated in a single candle,\u201d the analyst posted on X<\/a>.<\/p>\n

Another analyst shared:<\/p>\n

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\ud83d\udea8 Breaking: The whale who opened a $320M short on $BTC<\/a> at $84,040 yesterday has set take profits:<\/p>\n

1st TP: $69,414
2nd TP: $58,664<\/p>\n

I hope he and everyone who copied his trade get liquidated, triggering a cascade of liquidations to pump the market pic.twitter.com\/tIQ31T9T9x<\/a><\/p>\n

\u2014 \ud835\uddf0\ud835\ude06\ud835\uddf0\ud835\uddf9\ud835\uddfc\ud835\uddfd (@nobrainflip) March 16, 2025<\/a><\/p>\n<\/blockquote>\n

Currently, Bybit, Binance and OKX lead the total liquidations mark.<\/p>\n

As bulls plot to fell the bears, the rising liquidations underscore the risks of leverage. In a volatile market, millions or even billions could get wiped out in hours.<\/p>\n

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