Selling Pressure Intensifies! BTC Breaks Below $69K, ETH Falls Below $2,100, Global Liquidations Surge Past $450 Million

The crypto market’s slaughter tonight shows no signs of stopping! At 11:45 PM Taiwan time on March 19, Bitcoin (BTC) continued to sell off, officially breaking below the $69,000 mark; Ethereum (ETH) also failed to hold, falling below $2,100. According to the latest data from CoinGlass, this indiscriminate sell-off has triggered severe chain liquidations over the past 24 hours, with total liquidated positions skyrocketing to $458 million, causing over 128,000 investors to suffer “bloodshed.”
(Background: MicroStrategy’s Bitcoin holdings catch up to BlackRock! The gap is only 21,000 BTC, and it could overtake next week.)
(Additional context: Indiscriminate sell-off! Silver plunges over 10%, gold drops below $4,600, Bitcoin crashes near $69,000.)

Tonight’s crypto market is undoubtedly a long nightmare for bulls. After an earlier sharp decline, the downward momentum further expanded before midnight. At 11:45 PM Taiwan time on March 19, Bitcoin (BTC) again sought support, officially breaking below the $69,000 support line; Ethereum (ETH) also declined simultaneously, losing the $2,100 threshold.

Nearly 130,000 liquidations, total amount reaching $458 million

Along with the continuous breakdown of prices, leverage liquidations in the derivatives market have fallen like dominoes. According to CoinGlass data, in the past 24 hours, a total of 128,831 investors worldwide have been forcibly liquidated.

The total liquidation amount across the entire network has rapidly risen to $458.67 million (about NT$1.45 billion). Most of these liquidations involved long positions, indicating that after recent optimism, highly leveraged longs are paying a painful price in this wave of liquidations.

“Super Whales” fall! Single liquidation exceeds $10 million

Notably, even the most capital-rich whales are not immune in extreme market conditions. Data shows that the largest single liquidation in the past 24 hours occurred on the decentralized perpetual contract exchange Hyperliquid, where a BTC-USD long position was liquidated, with a loss of an astonishing $10.81 million (about NT$340 million), setting a recent record for single liquidation.

Currently, panic is spreading in the market, with Bitcoin still fluctuating violently around $69,000. Analysts warn that amid economic uncertainty and risk-off sentiment, market liquidity may further contract. Investors should strictly control their positions and avoid blindly “taking the hit” at this moment.