The market-wide investor sentiment is seeing a strong bearish momentum after the crypto liquidations chart skyrockets.
By Wahid Pessarlay
Updated
3 mins read
The market-wide investor sentiment is seeing a strong bearish momentum after the crypto liquidations chart skyrockets.
Crypto Market Goes Red as $634 Million Liquidations Surface | Source: coin360.com
According to data from Coinglass, the total daily crypto liquidations increased by over 400% in the past 24 hours, reaching a whopping $690 million. Most of the liquidated positions are longs, worth $546 million, while short traders lost roughly $142 million.
Bitcoin BTC $83 456 24h volatility: 4.9% Market cap: $1.66 T Vol. 24h: $39.82 B is leading the pack with $271 million in liquidations ($217 million longs and $54 million shorts) in 24 hours. The asset’s price swings between $80,000 and $86,000. Bitcoin is currently hovering around the $84,000 mark, down 2.2% over the last day.
Ethereum ETH $1 568 24h volatility: 3.1% Market cap: $189.27 B Vol. 24h: $13.91 B is second to Bitcoin with $122 million in liquidations—$96 million in longs and $26 million in shorts.
Interestingly, during the recent marketwide downturn, Bybit’s $232 million liquidations surpassed Binance’s $206 million liquidations. The largest single liquidation order still happened on the Binance exchange and is worth $32 million in the BTC/USDT pair, per data from Coinglass.
The latest set of liquidations comes as the crypto market struggles to recover from the massive weekend selloff. According to data provided by CoinMarketCap, the global cryptocurrency market capitalization is currently sitting at $2.75 trillion, down 2.3% in the past 24 hours.
On the other hand, the daily crypto trading volume has doubled to $110 billion. The rising trading activity could suggest a potential buying spree ahead but the CMC Fear and Greed Index dived from 39 to 17 over the past week, showing “extreme fear” among traders and investors.
One of the main reasons behind the mass selloff could be the whale profit-taking after a strong Bitcoin accumulation last week. Bitcoin whales and sharks — addresses holding at least 10 BTC — purchased 4,846 BTC over the past week, according to data from Santiment.
🐳🦈 Bitcoin’s whale & shark wallets have gone through several key turning points these past 6 months, as the chart below reveals. In short, their mild dumping from mid-February to early March contributed to crypto’s latest dump. But since March 3, wallets with 10+ $BTC have… pic.twitter.com/Ybh23PNrzK
— Santiment (@santimentfeed) March 10, 2025
The chart provided by the market intelligence platform shows that Bitcoin’s whale accumulation usually faces a selloff from short-term traders.
If the short-term selling pressure cools down, whales and sharks would likely start accumulating the flagship digital currency.
Another long-term bullish driver for the market, specifically Bitcoin, could be U.S. President Donald Trump’s executive order to create a national Bitcoin reserve, CoinSpeaker reported last week.
Trump signed the executive order to store the 200,000 BTC, seized from criminal addresses, as a long-term asset.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Wahid has been analyzing and reporting on the latest trends in the decentralized ecosystem since 2019. He has over 4,000 articles to his name and his work has been featured on some of the leading outlets including Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Other than reporting, Wahid likes to connect the dots between DeFi and macro on his newsletter, On-chain Monk.
