The post Crypto Flash Crash: $619M Liquidated appeared on BitcoinEthereumNews.com.

Bitcoin tumbled to $80,000 amid massive liquidations in the crypto market. Cryptocurrencies experienced a massive $619M in liquidations. BTC, ETH, XRP, SOL, DOGE, and ADA experienced the highest liquidations. Bitcoin’s price crashed to $80,000 on Sunday, leading to massive liquidations across the cryptocurrency market. New data from Coinglass, a cryptocurrency data analytics platform, now shows that the crypto market experienced liquidations totaling $619 million within just 24 hours. These widespread liquidations affected both long and short positions across almost all top cryptocurrencies. 222,650 Traders Liquidated in 24 Hours; Binance Sees Largest Single Liquidation A closer look provided by the data analytics platform reveals that crypto market behavior over the last 24 hours resulted in the liquidation of 222,650 traders. Notably, the largest single liquidation occurred on the Binance cryptocurrency exchange.  This involved a BTCUSDT trade valued at $32.09 million. However, Binance actually ranked second among crypto exchanges with the highest liquidations overall. Bybit Leads Exchanges in Liquidations, Followed by Binance, Gate.io, OKX, HTX As of the time of writing, Coinglass data showed that Bybit experienced the highest liquidation. Specifically, $206.46 million was liquidated in both long and short positions on Bybit.  Binance followed with a $192.17 million liquidation volume. Trailing behind, Gate.io, OKX, and HTX experienced $92.49 million, $76.55 million, and $36.13 million in liquidations, respectively. These five exchanges made up the top five crypto exchanges by asset liquidation in the past 24 hours. Related: Bitcoin Price Correction: Trump Crypto Reserve Announcement Triggers ‘Buy the Rumor, Sell the News’ Market Reaction Bitcoin Leads Liquidation Charts at $240M, Followed by ETH, XRP, SOL, DOGE, ADA Looking at individual cryptocurrencies, Bitcoin dominated the liquidation charts. A staggering $240.69 million worth of Bitcoin trades were liquidated during the period reviewed. This price action sent Bitcoin’s price plummeting to $80,000, marking a 7.4% loss. …

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Filed under: News - @ March 10, 2025 10:26 am