Over $701 Million Worth of Positions Liquidated in 24-Hour Market Frenzy

MEVHunterX · 2026-03-17T03:18:51+00:00

The crypto market faced a major liquidation event, with $701 million liquidated, primarily affecting leveraged bullish traders. Bitcoin and Ethereum saw the largest losses, impacting over 156,000 market participants, highlighting risks in volatile conditions.

MEVHunterX

2026-03-17 03:18:51

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The crypto markets witnessed an intense liquidation event over the past 24 hours, with a total of $701 million liquidated across all trading platforms. According to data from Coinglass cited by ChainCatcher, the forced selling spree predominantly impacted leveraged traders holding bullish positions, with long positions accounting for the majority of the cleared positions at $528 million, while bearish short positions liquidated totaled $173 million.

Bitcoin and Ethereum Holders Face Largest Liquidations

Bitcoin emerged as a major focal point in the liquidation cascade, with long positions in BTC liquidated at $216 million—the largest segment by asset type. Bitcoin short positions saw a smaller portion liquidated at $45.7897 million. Ethereum followed closely behind in the damage assessment, with long positions liquidated at $198 million, while short positions experienced $87.3958 million in forced closures. The disparity between BTC and ETH liquidations highlights how different leverage patterns played out across the two leading cryptocurrencies.

Massive Wave Affects Over 156,000 Market Participants

The scale of this liquidation event extended far beyond individual large positions. Over 156,000 traders were liquidated globally within the 24-hour window, indicating a widespread impact across retail and institutional market participants. This staggering volume suggests synchronized price movements triggered automatic liquidations across multiple venues and leverage levels.

ETH-USDT Pair Records Largest Single Liquidation

Among the individual liquidation events, one position stands out: a single ETH-USDT trader faced a $8.4038 million liquidation on a major exchange, representing one of the largest single-position blow-ups during this period. This massive forced closure underscores the risks inherent in concentrated positions and extreme leverage strategies in volatile market conditions.

The total liquidation volume reflects the market’s current volatility dynamics and the significant leverage present throughout the ecosystem.

BTC-0,88%

ETH1,44%

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