Waves

Zcash

bullish

Solana

Major

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/market-shift-massive-liquidation-waves-hit-the-crypto-derivatives-arena" rel="noopener noreferrer nofollow">Market Shift: Massive Liquidation Waves Hit the Crypto Derivatives Arena</a><br></p>
<p style="text-align: justify">The crypto derivatives market has been rocked by an unprecedented wave of short position liquidations, marking one of the most significant in recent months. According to CoinGlass data, a rapid surge in market prices led to the closure of $665.81 million in short positions over the past 24 hours. When considering long positions as well, the total daily losses amounted to a staggering $789.57 million, impacting nearly 118,000 traders.</p>
<h2 id="which-altcoins-suffered-the-most">Which Altcoins Suffered the Most?</h2>
<p style="text-align: justify">This liquidation wave took a significant toll on traders betting against altcoin prices. Historically, forced liquidations concentrated on major cryptocurrencies, but this time, a broader spectrum of assets was affected with cascades of stop-loss orders. Particularly, <a href="https://en.bitcoinhaber.net/ripple-and-kraken-donate-6-million-to-trump" rel="noopener noreferrer nofollow">XRP</a>, NEAR, and Zcash stood out as major contributors to these losses.</p>
<blockquote>
 <p>CoinGlass data reveals the recent market surge eliminated $665.81 million in short positions, with total daily losses reaching $789.57 million.</p>
</blockquote>
<p style="text-align: justify">The build-up of high-leverage short positions set the stage for a classic short squeeze. When market prices hit critical thresholds, automatic systems in exchanges began buying back assets at market prices to close open liabilities, further propelling the upward price movement.</p>
<h2 id="did-bitcoin-and-ethereum-lead-liquidations">Did Bitcoin and Ethereum Lead Liquidations?</h2>
<p style="text-align: justify">Indeed, Bitcoin saw the highest nominal short position liquidation of $384.71 million, spiking by 5.73% to exceed $85,000. The most substantial individual liquidation occurred on <a href="https://en.bitcoinhaber.net/binance-ceo-advocates-for-state-crypto-reserves" rel="noopener noreferrer nofollow">Binance</a>‘s BTCUSDT pair, amounting to $11.29 million. CoinGlass, known for its meticulous monitoring of crypto derivatives data, highlighted these significant movements.</p>
<p style="text-align: justify">For Ethereum short traders, losses reached $157.97 million as ETH appreciated by 5.80%, nearing the $2,710 mark. <a href="https://en.bitcoinhaber.net/scammers-target-solana-network-investors" rel="noopener noreferrer nofollow">Solana</a> also participated in the market surge; SOL’s 8.15% rise to $117.28 resulted in the liquidation of $20.21 million in short positions.</p>
<ul>
 <li>Bitcoin gained 5.73%, with $384.71 million in short positions liquidated.</li>
 <li>Ethereum increased by 5.80%, closing $157.97 million in shorts.</li>
 <li>Solana surged 8.15%, eliminating $20.21 million in shorts.</li>
</ul>
<p style="text-align: justify">Major altcoins witnessed notable bullish activity. NEAR climbed by 11.51% to $4.06, erasing $8.88 million in short positions. XRP experienced a 7.99% rise to $1.47, with $10.04 million in liquidations. Zcash jumped 6.24% to $1,514.93, closing $11.51 million in shorts. Collectively, these assets exceeded $30 million in losses within mere hours.</p>
<blockquote>
 <p>Liquidity maps indicate new critical short position thresholds for Bitcoin at $86,385 and Ethereum at $2,757.</p>
</blockquote>
<p style="text-align: justify">Liquidity distribution maps identified pivotal new levels for Bitcoin and Ethereum’s short positions at $86,385 and $2,757, respectively. The risk exposure for positions in these zones was $72.26 million for Bitcoin and $30.31 million for Ethereum. A market rise of less than 2% is deemed sufficient to reach these levels.</p>
<p style="text-align: justify">For NEAR and XRP, fresh pressure points emerged at $4.28 and $1.49, respectively. The observed sharp decline in open interest associated with short positions indicates a local retreat by sellers, with short-term momentum shifting towards buyers in the spot market.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span><a href="https://en.bitcoinhaber.net/market-shift-massive-liquidation-waves-hit-the-crypto-derivatives-arena" rel="noopener noreferrer nofollow">Market Shift: Massive Liquidation Waves Hit the Crypto Derivatives Arena</a></h5>

Market Shift: Massive Liquidation Waves Hit the Crypto Derivatives Arena

Table of Contents

BH NEWS

Other articles published on Sep 21, 2026

Join our free newsletter for daily crypto updates!