Following the historic announcement made by U.S. President Donald Trump to create a crypto reserve with priority to put “America First”, the crypto market went berserk with an overall $863.08 million in liquidations in the past 24 hours.
According to latest data, a total of 191,903 traders got their positions liquidated, including one massive liquidation, worth $15.49 million on Binance-BTCUSDT.
In 24 hours, the total liquidations hit $845.83 million, with $298.66 million from longs, where people bet on prices going up, and $547.17 million from shorts, where folks bet on prices dropping.
Liquidations in 24 Hours
- Bitcoin saw $315.14 million in liquidations, in which $73.30 million longs were liquidated and $241.84 million shorts liquidated.
- Ethereum had $160.23 million liquidated, with $73.98 million from longs and $86.24 million from shorts.
- XRP took a $76.13 million hit in liquidations, in which $31.92 million longs liquidated and $44.21 million shorts liquidated.
- Cardano faced $67.61 million in liquidations, splitting $31.24 million from longs and $36.38 million from shorts.
- Solana got $62.48 million in liquidations with $24.71 million from longs and $37.77 million from shorts.
All this craziness kicked off because of Donald Trump. On Sunday, March 2, 2025, he posted on Truth Social about starting a US Crypto Strategic Reserve to boost crypto after years of being held back under Biden. He first pointed to XRP, Solana, and Cardano, then added Bitcoin and Ethereum, saying he’s a fan of them all.
Trump, in his official announcement, had said that he asked his administration to make a crypto reserve, aiming to make the US the top crypto spot in the world. That news sent prices pumping hard.
Bitcoin rocketed from $85,207 to $91,929 in just an hour and a half and now sits at $92,000, with a big price pump kicking in. Ethereum climbed 10% to $2,410 in a day.
XRP shot up 22% to $2.75, Solana jumped 15.15% to $165, and Cardano led the pack with a 53.21% price pump to $1.02.
With all these liquidations tearing through longs and shorts and prices pumping like crazy, Trump’s crypto plan has turned the market into a total rollercoaster.
Also Read: Bitcoin Price Surges to $95K—Is $100K the Next Target?
