---
title: "Liquidations Shoot Above $1 Billion as Bitcoin (BTC) Breaks Down to $90K"
url: https://diffcoin.com/liquidations-shoot-above-1-billion-as-bitcoin-btc-breaks-down-to-90k/
description: "Many altcoins have registered massive price losses over the past day."
published: 2025-02-25
updated: 2025-02-25
author: "Mila"
site: "Diffcoin"
---

# Liquidations Shoot Above $1 Billion as Bitcoin (BTC) Breaks Down to $90K

Bitcoin’s price troubles continued in the past 24 hours as the asset plunged to its lowest position since January 13 of just over $90,000. Thus, the cryptocurrency has lost over nine grand since Friday’s peak.

The total value of liquidated positions is expectedly on the rise, surpassing the $1 billion mark. Naturally, long positions dominate.

![BTCUSD. Source: TradingView](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAxODM1IDgxOSIgd2lkdGg9IjE4MzUiIGhlaWdodD0iODE5IiBkYXRhLXU9Imh0dHBzJTNBJTJGJTJGY3J5cHRvcG90YXRvLmNvbSUyRndwLWNvbnRlbnQlMkZ1cGxvYWRzJTJGMjAyNSUyRjAyJTJGQlRDVVNELTI3LnBuZyIgZGF0YS13PSIxODM1IiBkYXRhLWg9IjgxOSIgZGF0YS1iaXA9IiI+PC9zdmc+)

BTCUSD. Source: TradingView

Recall that the primary cryptocurrency was climbing steadily last Friday and tapped a weekly peak of $99,500 following positive news from Coinbase in regards to its two-year-long litigation against the SEC.

However, the situation quickly changed after the largest hack in the cryptocurrency industry, in which over $1.4 billion, mostly in ETH, was siphoned off Bybit.

BTC, alongside the rest of the market, reacted immediately with a price fall to $95,000. After a calm weekend spent at over $96,000, bitcoin took another minor hit on Monday and slipped to $94,000.

The bears were not done yet as they initiated another substantial leg down on Tuesday morning that drove the cryptocurrency to a six-week low of just over $90,000 (for now). Consequently, this put BTC’s losses since Friday at over $9,000 even though many analysts have remained unfazed.

As expected, the altcoins have it even worse. Massive double-digit price declines are evident from ETH, DOGE, SOL, LINK, ADA, XRP, XLM, AVAX, LTC, and many, many others.

This enhanced volatility has resulted in a mindblowing value of liquidated positions on a daily scale, which is at just over $1 billion now. $950 million came from long positions, while the single-largest liquidations occurred on Binance and was worth $15 million.

Over 310,000 traders have been wrecked in the past day, shows data from CoinGlass.

![Liquidation Heat Map. Source: CoinGlass](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAxMzYzIDQ1NCIgd2lkdGg9IjEzNjMiIGhlaWdodD0iNDU0IiBkYXRhLXU9Imh0dHBzJTNBJTJGJTJGY3J5cHRvcG90YXRvLmNvbSUyRndwLWNvbnRlbnQlMkZ1cGxvYWRzJTJGMjAyNSUyRjAyJTJGU2NyZWVuc2hvdC0yMDI1LTAyLTI1LTA5MTczOC5wbmciIGRhdGEtdz0iMTM2MyIgZGF0YS1oPSI0NTQiIGRhdGEtYmlwPSIiPjwvc3ZnPg==)

Liquidation Heat Map. Source: CoinGlass

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