Crypto Markets Face $253M in Total Liquidations Within 24 Hours

PessimisticOracle · 2026-03-01T05:22:20+00:00

The cryptocurrency sector faced massive trading turbulence, with total liquidations hitting $253 million and nearly 100,000 traders affected. Bitcoin and Ethereum saw significant long position liquidations, revealing dominant bearish pressure and highlighting the risks in crypto derivatives.

PessimisticOracle

2026-03-01 05:22:20

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According to Coinglass data cited by ChainCatcher, the cryptocurrency sector experienced significant trading turbulence in the past 24 hours, with total liquidations across the network reaching $253 million. This wave of forced position closures has wiped out nearly 100,000 traders globally, highlighting the volatile environment that crypto markets are currently facing.

Bitcoin Bears the Brunt with $79M in Long Liquidations

Bitcoin traders were hit especially hard, experiencing $79.235 million in long position liquidations during this period. Short positions on BTC added another $28.3154 million to the total liquidations count, bringing Bitcoin’s share of the overall market carnage to approximately $107.55 million. The disparity between long and short liquidations suggests bearish pressure dominated Bitcoin trading dynamics over the timeframe.

Ethereum Follows with Substantial Long Position Wipeouts

Ethereum likewise suffered significant losses, with $36.2312 million in long liquidations recorded against $16.2204 million in short liquidations. The Bitcoin-to-Ethereum liquidation ratio underscores that Bitcoin remains the focal point during market-wide liquidation events, though the total liquidations across altcoins continue to mount alongside mainstream crypto assets.

Market-Wide Toll: Nearly 100K Traders Liquidated Globally

The scale of this liquidation event becomes apparent when examining the sheer number of affected traders—99,115 people experienced forced closures across the network. The single largest liquidation blow struck one trading pair, with a BTCUSD position valued at $10 million getting wiped out in one hit. Such extreme moves underscore the leverage concentration risk present in crypto derivatives markets and the acute impact when total liquidations accelerate.

BTC0.57%

ETH1.97%

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