BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

$312 Million in Crypto Has Been Liquidated Over 24 Hours and Here is Why

by Conie
March 14, 2024
in CRYPTO, FINANCE
Reading Time: 2 mins read
A A
1
SHARES
24
VIEWS
Share on XShare in TelegramShare on Reddit
  • Bitcoin reached a new all-time high above $73,000, surpassing yesterday’s previous record.
  • Approximately $3 billion in leverage positions are open at the $74,000 price level, with $28 billion more clustered just below that, indicating massive speculative short positions.
  • In the past 24 hours, $306 million in crypto positions have been liquidated, with the high leverage signaling heightened volatility and risk as Bitcoin trades near record highs.

Bitcoin reached a new all-time high above $73,000 earlier today, surpassing yesterday’s previous record. However, a significant amount of leverage has been flushed out on exchanges like Binance and OKX, where traders can use up to 100x leverage.

Billions in Leveraged Shorts Cluster Near $74,000

According to Coinglass, approximately $3 billion in leverage positions are open at the $74,000 price level, with an additional $28 billion at $73,900. Every $100 increment above $74,000 shows between $1-2 billion in open interest, suggesting a total of around $30 billion in notional leveraged short positions that could face liquidation if the price rebounds to this morning’s levels.

Hundreds of Millions Liquidated in the Past 24 Hours

In the past 24 hours, total crypto liquidations have reached $306.52 million, with $210.94 million in long positions and $95.58 million in short positions being forced to close. While this may seem small compared to the billions in notional leverage, it represents a significant amount of actual collateral being liquidated.

JUST IN: $312 million in crypto has been liquidated over the last 24 hours pic.twitter.com/TYi7kz1LXF

— BlockNews.com (@blocknewsdotcom) March 14, 2024

Leverage Signals Heightened Volatility and Risk

The high degree of leverage in the market indicates heightened volatility and risk as traders speculate on Bitcoin’s new price discovery phase. Similar swings have been identified recently, aligning with the US Market Open each time. As the digital asset continues to trade near record highs, the potential for substantial liquidations on either side of the market remains a key factor to monitor.

Conclusion

Bitcoin’s surge to new all-time highs has led to a cascade of liquidations, especially on leveraged shorts. With billions in notional positions clustered around $74,000 and extreme volatility at market open, traders should closely watch liquidation levels and risk management. Bitcoin’s current price discovery phase remains fraught with two-sided risk from such concentrated leverage.

Tags: BitcoincryptoWeb3
TweetShareShare
Previous Post

JPMorgan Slapped with Hefty $350 Million Fine for Trading Lapses

Next Post

These Solana Memecoins are Pumping and Here is Why

DON'T MISS THESE! HOT OFF THE PRESS

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Load More

Related News

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.