127k traders liquidated
More than 127,000 traders were liquidated in a single 24‑hour stretch this week, wiping out over $500 million from leveraged positions — the episode underscores extreme risk during recent volatility while the Fear & Greed Index has stayed below 30 for 46 days. (openpr.com)
Deribit’s March 20 options expiry settled 24,838 contracts with about $1.72 billion in notional value, and the $70,000 strike showed up as the exact “max pain” level as contracts expired. (cryptotimes.io) Market-data trackers recorded roughly half a billion dollars flushed from derivatives on the same settlement window, with analytics showing about 82% of that pain hit long positions. (cryptotimes.io) The single largest liquidation identified by on‑chain trackers landed on Hyperliquid at roughly $11 million, while CoinGlass’s heatmaps flagged concentrated liquidations around BTC and several major altcoins. (cryptopotato.com) Futures open interest eased by about 5–6%, falling toward roughly $107 billion as dealers trimmed exposure, and funding rates across major perpetuals turned negative during the unwind. (coinalertnews.com) Price action showed Bitcoin pinned near $70,000 into the options settlement before slipping below $69,000 by March 23, and market sentiment gauges registered readings in the high‑20s on that date. (tradingview.com) On‑chain and market reports also flagged renewed selling pressure from miners and a drop in miner revenues around the same period, adding supply into already fragile liquidity conditions. (coinalertnews.com)
