Crypto Liquidations Hit $150M as Bitcoin Bounces Back to $69,000

Crypto Liquidations Hit $150M as Bitcoin Bounces Back to $69,000

Crypto liquidations hit $150M as Bitcoin bounced back to $69,000 across various exchanges. The cryptocurrency market is undergoing significant fluctuations leading to widespread liquidations.

Crypto Liquidations hit $150M

In the past 24 hours, the Binance exchange incurred a loss of approximately $67 million, which represents about 44.74% of the total losses in the market. Concurrently, OKX saw liquidations exceeding $46 million, while Bybit experienced losses of around $20 million.

The cryptocurrency market underwent significant fluctuations as Bitcoin (BTC) surged to $69,000, leading to widespread liquidations totaling approximately $150 million across various exchanges. Bitcoin, the most widely recognized and largest cryptocurrency by market capitalization, climbed to $69,000 on Monday morning before slightly retreating.

This sharp increase resulted in the liquidation of positions for about 74,668 traders who had bet against BTC, aiming to minimize further losses. The majority of these liquidations affected long traders, who reported losses of around $83.91 million, whereas short positions worth approximately $60.22 million were liquidated.

Major Liquidation Events

Data from CoinGlass indicates that the most substantial single liquidation order occurred on Bybit, a crypto exchange based in Singapore, where a trader lost approximately $9 million in one trade over the past day.

The data further revealed that all liquidations were confined to centralized exchanges such as Binance, OKX, and Bybit, with Binance experiencing the highest losses.

In the last day alone, Binance lost about $67 million, which accounts for roughly 44.74% of the total liquidation losses. During the same period, OKX liquidated over $46 million, while Bybit incurred losses of around $20 million.

Impact on Various Blockchains

Regarding network performance, the Bitcoin protocol experienced the most significant impact, with $34 million liquidated from its ecosystem. Other blockchain networks, including Ethereum (ETH) and Solana (SOL), also faced substantial liquidations ranging from $18.11 million to $5.20 million.

Notcoin’s Surprising Performance

Notcoin (NOT), a new entrant in the crypto market, also saw considerable losses of $21.63 million. Despite recent market volatility, NOT experienced an impressive surge of over 52% in the last 24 hours, catching short traders off guard and resulting in significant liquidations for those who bet against its performance.

In the last 24 hours, NOT recorded a trading volume exceeding $4.673 billion, achieving a remarkable 275% increase in a week. The token hit an all-time high of $0.027 on Sunday but has since declined slightly, trading around $0.02064.


To conclude, the crypto liquidations hit $150M as the recent surge in Bitcoin to $69,000 has triggered extensive liquidations across major exchanges, with Binance, OKX, and Bybit bearing significant losses. As the market continues to fluctuate, traders should remain vigilant of sudden price movements, which can lead to substantial financial impacts across various blockchain networks and emerging tokens like Notcoin.

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