The crypto market records liquidations of over 230 million US dollars

The cryptom market continues to fight with downward pressure, with over 230 million US dollars of liquidations in a single day.

Pro data from Coinglass In the last 24 hours, the total liquid rose 157%. During this period, more than 95,478 dealers had been liquidated.

At the time of writing, the total liquidations were 232 million US dollars. The data showed that the largest individual liquidation order in Binance for an ETH/USDT position worth $ 5.59 million.

ETH-, XRP and Sol liquidations

The total capitalization of the cryptoma market is 2.8 trillion dollars, with the dominance of Bitcoin dominated at 58.9%.

The youngest wave of liquidations, however, hit the dealers hard, especially those who were convinced that the price was on the upward operation.

In the lever positions, most of the REKT positions were bullish bets. Coinglass data show that over 73 million US dollars and almost 44 million US dollars are for Bitcoin and Ethereum.

XRP and Solana also experienced great liquidation.

crypto price outlook

As already mentioned, Bitcoin (BTC) recorded liquidations over 73 million US dollars. This was followed by another massive short position for BTC, with a whale taking 40x lever. Liquidation of the whale is over 86,000 US dollars. The BTC Prize is currently $ 83,316. What happens to the whale?

Crypto Trader and Analyst Ash Crypto notes that an announcement by the strategy founder Michael Saylor, who buys more BTC, could recognize the essential losses of 380 million dollars.

"If Saylor announces that he will soon buy 2 billion US dollars or even point out, 380 million US dollars will be liquidated in a single candle in a single candle" posted on x .

another analyst shared:

🚨 Breaking: The whale, which opened a place of 320 million US dollars $ BTC at 84,040 USD yesterday he made profits:

1. TP: $ 69.414
2. TP: $ 58.664

I hope he and everyone who has copied his trade pic.twitter.com/tiq31t9x

- 𝗰𝘆𝗰𝗹𝗼𝗽 (@nobrainflip) 16. March 2025

Currently Bitbit, Binance and OKX lead the overall liquidations.

While the bulls fell, the rising liquidations underline the risks of the leverage. In a volatile market, millions or even billions could be wiped out in hours.