- Bitcoin dropped from $98K to $82K, aligning with Binance’s liquidation clusters.
- Total crypto liquidations hit $988.22M, with long positions losing $838.20M.
- Major tokens like ETH, SOL, and SUI faced sharp price swings amid liquidations.
Massive liquidation events continue to shape the cryptocurrency market, with Bitcoin (BTC), Solana (SOL), Ethereum (ETH), Sui (SUI), TRUMP, and ZEUS experiencing sharp price movements. As highlighted by MartyParty, an analyst, data reveals a notable trend prices tend to bounce precisely at Binance’s lowest liquidation levels. This raises questions about the influence of liquidity clusters on price action.
While Binance insists that the market functions organically, the alignment of liquidation levels with price rebounds suggests otherwise. Traders are encouraged to share their concerns with regulators, including the U.S. Securities and Exchange Commission (SEC), which recently launched a platform for market feedback.
Liquidation Levels – 10pm March 3rd
— MartyParty (@martypartymusic) March 4, 2025
So let's be clear. Do you think it's a coincidence the prices bounce right on #Binances lowest liquidation levels?
They claim they doing nothing and this is all organic.
What can you do about it, go on this #SEC page they just launched and… pic.twitter.com/BmW2mILpew
Price Volatility and Liquidation Clusters
Bitcoin (BTC) saw a high of $98,000 before plunging to $82,000, reflecting significant market fluctuations. Liquidity clusters were concentrated around key support levels, influencing price movements. Solana (SOL) followed a similar trend, reaching a high of $185 before dropping to $121. The price movement indicates a gradual decline, followed by minor recoveries.
Sui (SUI) mirrored broader market trends with a high of $3.35 and a low of $2.46, reflecting continued market pressure. Ethereum (ETH) recorded a high of $3,640 and a low of $2,000, with liquidity concentrations affecting its price swings.
The TRUMP token saw a peak of $18 and a low of $10.70, while ZEUS fluctuated between $0.43 and $0.29. These tokens experienced steep declines before some buying interest emerged at their lowest points.
Impact of Liquidations on Market Trends
According to Coinglass data, liquidation data provides insights into market behavior. Bitcoin (BTC) led with total liquidations amounting to $2.35 million, followed by Ethereum (ETH) at $1.61 million.
Solana (SOL) recorded $732.22K in liquidations, while XRP faced $660.30K. Cardano (ADA) experienced a relatively lower liquidation value of $380.15K. Other cryptocurrencies, including PNT and KAI, also saw notable liquidations.
Over the past 24 hours, total liquidations reached $988.22 million, affecting 291,087 traders. Long positions accounted for $838.20 million, significantly higher than the $150.02 million from short positions. The largest single liquidation order occurred on Bitfinex in the BTC/USDT futures market, with a value of $13.40 million.
