• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF

Crypto Futures Takes $152 Million Beating As Bitcoin Breaks $47,300

Keshav Verma
by Keshav Verma
1 year ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Data shows the cryptocurrency futures market has gone through a $152 million liquidation squeeze as Bitcoin has broken past $47,300.

Crypto Futures Market Sustains Large Liquidations, Majority Shorts

The past day has been a volatile time for the cryptocurrency sector as coins across the space have enjoyed positive returns, with Bitcoin, in particular, breaking past the $47,000 barrier with a strong surge for the first time since the post-ETF slump.

Related Reading: Solana (SOL) Feeds On Outage FUD To Rocket Back Above $100

As is usually the case, this sharp price action has resulted in some chaos over the futures side of the market. Below is a table from CoinGlass that shows how the liquidations have racked up in the futures market over the last 24 hours:

Bitcoin Futures Liquidations

Looks like a relatively large amount of liquidations have occurred in the market during this period | Source: CoinGlass

In total, the cryptocurrency futures market has registered liquidations amounting to almost $152 million in the past day. Out of this, about $82 million of the flush has occurred within the past twelve hours alone.

As these liquidations have majorly been triggered by a sharp move in the prices of the assets, it’s not too surprising to see that shorts have taken the brunt of the liquidations.

More than $115 million of this futures flush involved the shorts, equivalent to almost 75% of the total liquidations. Mass liquidation events like the one in the past day are popularly known as “squeezes.” Since this squeeze was short-heavy, it would be an example of a “short squeeze.”

During a squeeze, liquidations can go through a waterfall effect and in the process, amplify the price move that triggered them. The shorts today have fed into the rally, which is why the upswing in Bitcoin has been notably sharp.

As for how the contribution to the liquidation event looks like per symbol, the below table displays the data for it.

Bitcoin And Others

The distribution of the liquidations by symbol | Source: CoinGlass

Unsurprisingly, Bitcoin topped the liquidation charts with around $54 million contracts squeezed, while Ethereum (ETH) came second at $24 million. Solana (SOL) was the altcoin with the highest amount of liquidations at $7 million.

Among the top 20 cryptocurrencies by market cap, SOL’s returns of more than 4% are only bested by BTC’s 6% jump, which may be why the alt has seen significantly more liquidations than the other coins in the sector.

Historically, squeezes like the one from the past day haven’t exactly been something rare in the sector. This is down to the high volatility that most coins in the sector experience on the regular.

Related Reading: Bitcoin Surges Above $44,500, What’s Causing This Rise?

This is also compounded by the fact that extreme amounts of leverage (even equal to 100x the position or more) can be easily accessible on many platforms, so the market can stay overleveraged in general, making it ripe ground for liquidations to cascade together in the form of a squeeze.

Because of these factors, the cryptocurrency futures market can be risky ground to tread for the uninformed trader.

Bitcoin Price

Bitcoin is finally witnessing the break many had been waiting for, as the coin has now surged beyond the $47,300 level.

Bitcoin Price Chart

The price of the crypto has seen a rapid increase over the last two days | Source: BTCUSD on TradingView
Featured image from Shutterstock.com, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Keshav Verma

Keshav Verma

Follow

Keshav is a Physics graduate who has been employed as a writer with Bitcoinist since June 2021. He is passionate about writing and through the years, he has gained experience working in a variety of niches. Keshav holds an active interest in the cryptocurrency market, with on-chain analysis being an area he particularly likes to research and write about.

Full Profile

Related Posts

Strategy Bitcoin

Strategy Adds 196 BTC, Holdings Cross 640,000 Bitcoin

3 hours ago
Bitcoin news

Nick Szabo Drops Bombshell: Bitcoin Core v30.0 Faces Legal Nightmare

16 hours ago
Bitcoin

Bitcoin Coin Days Destroyed Drops By 50% Amid Waning Price Action – What This Means

1 day ago
Bitcoin

Bitcoin Short-Term Holders Are Capitulating: 60,000 BTC Hits Exchanges At Loss

3 days ago
Bitcoin

Bitcoin And Ethereum Prices Crash, But Technicals Show What’s Next

3 days ago
Bitcoin

Bitcoin Accumulation Trend Shows Signs Of Weakening, What Does This Mean?

3 days ago

Premium Sponsors

Press Releases

  • 距離上線僅剩3周:Snorter代幣ICO融資突破 415...

    7 hours ago
  • 上線倒計時:僅剩25天可搶購 Snorter Bot 代幣

    4 days ago
  • 加密錢包掀起發幣熱潮 Best Wallet...

    6 days ago
  • Bitcoin Hyper

    ChatGPT предсказва следващата 1000x...

    1 week ago
  • Snorter надхвърли $4 милиона след...

    1 week ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.