Cryptocurrencies record massive liquidation movement of 279 million dollars

AirdropHunter007 · 2026-03-21T03:05:03+00:00

The cryptocurrency sector is experiencing significant pressure, with over $279 million in liquidations in 24 hours, primarily affecting long positions. Bitcoin and Ethereum account for substantial losses, particularly for long traders, indicating heightened market volatility.

AirdropHunter007

2026-03-21 03:05:03

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The cryptocurrency sector is currently experiencing a significant period of pressure, with total liquidations exceeding $279 million over the past 24 hours. According to data provided by the platform Coinglass and relayed by ChainCatcher, this phenomenon reflects increased volatility in digital asset markets.

A wave of liquidations mainly affects long positions

The data reveals an uneven distribution among different types of affected positions. Bullish bets account for the majority of losses, with $170 million liquidated, while bearish bets suffer significantly smaller losses of $109 million. This disparity indicates particular pressure on traders who bet on rising cryptocurrency prices.

Bitcoin and Ethereum leading the losses

A detailed analysis of the two largest cryptocurrency projects shows significant exposure to liquidations. For Bitcoin, long positions have seen $46.77 million in liquidations, while short positions have experienced $18.47 million. The Ethereum market shows even higher figures, with $63.43 million in liquidations for bullish positions and $25.69 million for bearish positions.

This concentration of liquidations on the two largest market caps in the cryptocurrency sector indicates a global market reaction to sharp price movements, disproportionately affecting those who had taken positions expecting an appreciation of digital assets.

BTC0.4%

ETH0.79%

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