Unprecedented Bitcoin Success Liquidates $4.3B Market-Wide

Bitcoin has surged to record highs in March, but hefty liquidations both ways have raised questions about investor sentiment.

Guy made a wish with a Genie for bitcoin.
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  • The price of Bitcoin soared in March, reaching a new all-time high of $73,637, but it has faced significant liquidations.
  • Despite the liquidations, Bitcoin’s price has remained relatively stable compared to historical volatility.
  • The impact has cascaded across the crypto market, with Ethereum and other altcoins experiencing liquidation events.

Bitcoin’s journey in March has seen steady growth. From a starting point of $61,180, the digital asset has climbed nearly 20% to its current value, hovering around $72,980. Interestingly, despite the overall price increase, over $1.2 billion in Bitcoin liquidations have already occurred this month.

Bitcoin’s Rollercoaster Ride

The cryptocurrency market witnessed a rollercoaster ride on March 12th, with Bitcoin leading the surge and subsequent pullback. The world’s leading digital asset reached a record high of $73,050 before experiencing a sharp correction, dipping below $70,000. This dramatic price swing resulted in a significant wave of liquidations. 

Over $361 million of leveraged positions were forcefully closed across various cryptocurrency exchanges. Leveraged trading amplifies profits and losses, and in this case, the brunt of the liquidations fell on long positions, those betting on Bitcoin’s price to rise. 


These positions suffered a staggering $258 million in losses, potentially signaling a shift in investor sentiment. While short sellers, who bet on a price decline, weren’t immune to the volatility, their losses of over $103 million paled in comparison. 

This event marked the largest long liquidation since early March, underlining the ongoing volatility within the cryptocurrency market. Although the margin between short and long liquidations is relatively narrow, this raises questions about why investors betting on a rising market are still getting forced out, even in a seemingly bullish environment.

Bitcoin Weathers Liquidation Storm

Despite the significant liquidations, Bitcoin’s price movements remained relatively subdued compared to past episodes of high volatility. Data from CoinMarketCap suggests the price fluctuated within a range of roughly $4.85%. Currently, Bitcoin appears to have found some stability around $72,980.


The impact of these liquidations extended beyond Bitcoin. Ethereum, the second-largest cryptocurrency, witnessed substantial losses of $674 million. Other altcoins like Solana, Dogecoin, and even the Bitcoin-based memecoin ORDI experienced similar liquidations, highlighting how market turbulence can cascade across the cryptocurrency landscape.

On the Flipside

  • While Bitcoin’s overall March trend is positive, the significant liquidations, particularly among long positions, indicate underlying short-term volatility that could disrupt the bullish momentum.
  • Leverage amplifies losses as much as gains, and these events highlight the potential for significant financial setbacks.

Why This Matters

Despite Bitcoin’s overall price rise in March, this significant long liquidation event raises concerns about a potential shift in investor sentiment and the vulnerability of leveraged positions in a still volatile market, with potential knock-on effects for the wider cryptocurrency ecosystem.

To learn more about the record-breaking surge in Bitcoin ETF inflows, read here:

Bitcoin ETFs See $1B Inflows as BTC Holds Highest Ever Price

Despite Bitcoin reaching a new all-time high, retail investors seem to have muted interest in it. To learn more about the reasons behind this, read here:

Bitcoin Hit New Heights. Where’s the Retail Excitement?

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Kyle Calvert

Kyle Calvert is a cryptocurrency news reporter for DailyCoin, specializing in Ripple, stablecoins, as well as price and market analysis news. Before his current role, Kyle worked as a student researcher in the cryptocurrency industry, gaining an understanding of how digital currencies work, their potential uses, and their impact on the economy and society. He completed his Masters and Honors degrees in Blockchain Technology within Esports and Business and Event management within Esports at Staffordshire University.