Cryptocurrency Liquidations in 24 Hours

The cryptocurrency marketplace saw significant liquidations affecting traders on multiple exchanges over the past 24 hours. According to recent data from Phoenix, Bitfinex achieved the highest trading liquidations worth $144.68 million, while Bybit reached $130.18 million, and Binance liquidated $94.77 million. The cryptocurrency market experienced significant exchange-dependent liquidations, where OKX reached $66.95 million, Gate.io liquidated $30.45 million, and HTX recorded $22.33 million.

Liquidation Data in 24 Hours

Total Liquidations: Up to $477.11M
Top 5 Coins with Highest Liquidation: …
— PHOENIX – Crypto News & Analytics (@pnxgrp) March 8, 2025

Cryptocurrency exchanges displayed different percentages of short-term and long-term liquidations. The percentage of short to long liquidations at Bitfinex was nearly equivalent, while Binance and Bybit registered long liquidations of 75.39% and 71.54% respectively. Despite lower total liquidations of $3.65 million and $1.99 million, CoinEx and BitMEX exhibited a high proportion of market participants going long, reaching 95.19%.

Most Liquidated Assets and Market Impact

The leading cryptocurrency, Bitcoin (BTC), led the liquidation activity with $296.12 million in transactions, equating to 3.43K BTC. Ethereum (ETH) was the second most liquidated asset with $54.98 million, adjusting to 25.39K ETH tokens. Ripple (XRP) earned third place, witnessing $19.74 million in liquidations, resulting in 8.47 million tokens exchanged during the period.

Among other digital assets, Solana (SOL) had the most liquidations worth $17.34 million, while Cardano (ADA) lost $12.87 million, and Dogecoin (DOGE) resulted in $6.47 million in liquidations. Emerging tokens ENA and AUC suffered substantial liquidations of $3.45 million and $2.45 million respectively. The liquidation amounts from Trump’s Meme Coin reached $2.71 million, similar to KAITO’s $2.31 million liquidation total.

Largest Single Liquidation Order and Market Volatility

The largest liquidation order worth $17.15 million occurred during the last 24 hours through Bitfinex for a BTC/UST trading pair. Market volatility creates substantial losses that force large institutions to face massive capital depletions through liquidation processes.

The market turbulence caused 135,560 traders to experience liquidation throughout this period. Risk management continues to be essential for traders to navigate the volatile cryptocurrency market.