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 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 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 \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 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\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 The post Crypto market sees over $230 million in liquidations<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The crypto market continues to struggle with downward pressure, with over $230 million in liquidations recorded in a single day. Per data from Coinglass, total liquidations were up 157% in the past 24 hours. Over this period, more than 95,478 traders had been liquidated. At the time of writing, the total liquidations stood at $232 […]<\/p>\n","protected":false},"author":0,"featured_media":2699,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-2698","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=2698"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/2699"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=2698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=2698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=2698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ETH, XRP and SOL liquidations<\/h2>\n
Crypto price outlook<\/h2>\n
2nd TP: $58,664<\/p>\n