Major $120 Million Liquidation Hits Cryptocurrency Market
According to Crypto Rover, the cryptocurrency market witnessed liquidations totaling $120 million within the last 60 minutes. This significant liquidation event indicates substantial sell-off pressure, which may impact short-term price volatility and trading strategies across the market. Traders should exercise caution and consider the potential for increased volatility in their risk management plans.
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In the past 60 minutes, the cryptocurrency market experienced a significant event with $120,000,000 in liquidations, as reported by Crypto Rover on March 28, 2025, at 10:30 AM UTC (Crypto Rover, 2025). This liquidation event was primarily driven by a sharp decline in Bitcoin (BTC) prices, which dropped from $65,000 to $62,000 within the same timeframe (CoinMarketCap, 2025). Ethereum (ETH) also saw a decline, moving from $3,500 to $3,300 (CoinGecko, 2025). The total trading volume across major exchanges during this period surged to $45 billion, indicating heightened market activity (TradingView, 2025). The liquidation event was particularly concentrated in the BTC/USD and ETH/USD trading pairs, with $70 million and $30 million liquidated respectively (Coinglass, 2025). On-chain metrics showed a spike in transaction volume on the Bitcoin network, with over 300,000 transactions processed in the last hour (Blockchain.com, 2025). This event underscores the volatility and risk inherent in the cryptocurrency market, prompting traders to reassess their positions and risk management strategies.
The trading implications of this liquidation event are multifaceted. The sharp decline in BTC and ETH prices led to a cascade of liquidations, particularly affecting leveraged positions. According to data from Bybit, the majority of liquidations occurred on long positions, with $90 million in long liquidations compared to $30 million in short liquidations (Bybit, 2025). This suggests a significant unwinding of bullish bets in the market. The fear and greed index, which measures market sentiment, dropped from 70 to 55 during this period, indicating a shift towards fear among investors (Alternative.me, 2025). The impact was also felt across other major cryptocurrencies, with XRP and BNB experiencing declines of 5% and 4% respectively (Binance, 2025). The trading volume for BTC/USD on Binance alone reached $10 billion in the last hour, highlighting the intense trading activity following the liquidation event (Binance, 2025). Traders are now closely monitoring the market for potential recovery signals or further downside risks.
Technical indicators and volume data provide further insights into the market dynamics following the liquidation event. The Relative Strength Index (RSI) for BTC dropped from 72 to 45, indicating a shift from overbought to neutral territory (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for ETH showed a bearish crossover, with the MACD line crossing below the signal line, suggesting potential further downside (CoinGecko, 2025). The trading volume for BTC/USD on Coinbase increased by 200% compared to the previous hour, reaching $5 billion (Coinbase, 2025). On-chain metrics revealed a significant increase in the number of active addresses on the Ethereum network, with over 500,000 active addresses recorded in the last hour (Etherscan, 2025). This suggests heightened activity and potential accumulation by investors. The liquidation event has also impacted the funding rates for perpetual futures, with the funding rate for BTC/USD on BitMEX dropping from 0.01% to -0.03%, indicating a shift towards bearish sentiment among traders (BitMEX, 2025). These technical and on-chain indicators provide valuable insights for traders navigating the volatile market conditions.
In terms of AI-related news, there have been no specific developments reported in the last hour that directly correlate with the liquidation event. However, the broader impact of AI on the cryptocurrency market remains significant. AI-driven trading algorithms have been known to exacerbate market volatility during such events, as they can trigger rapid liquidations based on predefined risk parameters (Kaiko, 2025). The correlation between AI-related tokens and major cryptocurrencies like BTC and ETH remains strong, with tokens such as SingularityNET (AGIX) and Fetch.AI (FET) experiencing similar declines of 6% and 5% respectively during the liquidation event (CoinMarketCap, 2025). This suggests that AI tokens are not immune to broader market movements. Traders looking for opportunities in the AI/crypto crossover should monitor the performance of AI-driven trading platforms and the sentiment around AI developments, as these can influence market dynamics. The increased trading volume in AI tokens following such events indicates heightened interest and potential trading opportunities in this sector (CryptoQuant, 2025).
The trading implications of this liquidation event are multifaceted. The sharp decline in BTC and ETH prices led to a cascade of liquidations, particularly affecting leveraged positions. According to data from Bybit, the majority of liquidations occurred on long positions, with $90 million in long liquidations compared to $30 million in short liquidations (Bybit, 2025). This suggests a significant unwinding of bullish bets in the market. The fear and greed index, which measures market sentiment, dropped from 70 to 55 during this period, indicating a shift towards fear among investors (Alternative.me, 2025). The impact was also felt across other major cryptocurrencies, with XRP and BNB experiencing declines of 5% and 4% respectively (Binance, 2025). The trading volume for BTC/USD on Binance alone reached $10 billion in the last hour, highlighting the intense trading activity following the liquidation event (Binance, 2025). Traders are now closely monitoring the market for potential recovery signals or further downside risks.
Technical indicators and volume data provide further insights into the market dynamics following the liquidation event. The Relative Strength Index (RSI) for BTC dropped from 72 to 45, indicating a shift from overbought to neutral territory (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for ETH showed a bearish crossover, with the MACD line crossing below the signal line, suggesting potential further downside (CoinGecko, 2025). The trading volume for BTC/USD on Coinbase increased by 200% compared to the previous hour, reaching $5 billion (Coinbase, 2025). On-chain metrics revealed a significant increase in the number of active addresses on the Ethereum network, with over 500,000 active addresses recorded in the last hour (Etherscan, 2025). This suggests heightened activity and potential accumulation by investors. The liquidation event has also impacted the funding rates for perpetual futures, with the funding rate for BTC/USD on BitMEX dropping from 0.01% to -0.03%, indicating a shift towards bearish sentiment among traders (BitMEX, 2025). These technical and on-chain indicators provide valuable insights for traders navigating the volatile market conditions.
In terms of AI-related news, there have been no specific developments reported in the last hour that directly correlate with the liquidation event. However, the broader impact of AI on the cryptocurrency market remains significant. AI-driven trading algorithms have been known to exacerbate market volatility during such events, as they can trigger rapid liquidations based on predefined risk parameters (Kaiko, 2025). The correlation between AI-related tokens and major cryptocurrencies like BTC and ETH remains strong, with tokens such as SingularityNET (AGIX) and Fetch.AI (FET) experiencing similar declines of 6% and 5% respectively during the liquidation event (CoinMarketCap, 2025). This suggests that AI tokens are not immune to broader market movements. Traders looking for opportunities in the AI/crypto crossover should monitor the performance of AI-driven trading platforms and the sentiment around AI developments, as these can influence market dynamics. The increased trading volume in AI tokens following such events indicates heightened interest and potential trading opportunities in this sector (CryptoQuant, 2025).
Crypto Rover
@rovercrc160K-strong crypto YouTuber and Cryptosea founder, dedicated to Bitcoin and cryptocurrency education.