Bears Face $550M in Liquidations as Bitcoin Climbs to $93K in Weekend Surge

ADA, XRP, and SOL futures each saw over $70 million in liquidations on Sunday, marking their highest levels since September 2024, according to Coinglass data.

Bearish traders faced nearly $600 million in losses after President Donald Trump’s announcement of a U.S. strategic crypto reserve sparked a rapid surge in digital asset prices.

Sundays often see lower trading liquidity, which can lead to exaggerated price swings. This time, Cardano’s ADA skyrocketed 60% in 24 hours, while XRP and Solana’s SOL posted 25% gains. Bitcoin (BTC) also climbed 9%, adding to the market’s upward momentum.

BTC-tracked futures led the liquidation totals, with over $344 million in positions closed, followed by $170 million in liquidations for ETH-tracked futures.

Liquidations occur when exchanges forcefully close leveraged positions due to insufficient margin, preventing traders from maintaining their open trades. This is a common phenomenon during periods of heightened volatility.

Sharp liquidation spikes can act as contrarian market indicators, suggesting that assets may be overbought and due for corrections or profit-taking. Traders analyze these signals alongside other technical factors to make strategic decisions.

Meanwhile, open interest—the total number of unsettled futures contracts—has jumped by as much as 40% for XRP, ADA, and SOL, highlighting expectations of continued market volatility.

Bitcoin (BTC) surged past $93,000 in early Monday trading, rebounding from last week’s drop to $83,500. The decline was driven by macroeconomic factors, including U.S. tariffs and increased demand for safe-haven assets like gold and the Japanese yen.

Some analysts had predicted further downside for BTC, potentially pushing it toward the mid-$70,000 range, as indicated by rising short positions and downside-leaning open interest.

However, Trump’s comments have reignited bullish sentiment, at least in the short term. While traders remain cautious about long-term sustainability, expectations for BTC to reach $100,000 have resurfaced, as noted in a CoinDesk analysis earlier Monday.

  • Related Posts

    Polymarket faces a $520K exploit concern on Polygon flagged by ZachXBT, but developers say assets are safe.

    Blockchain investigator ZachXBT has flagged a suspected security incident involving Polymarket, the world’s largest decentralized prediction market, after on-chain data indicated that more than $520,000 was drained from smart contracts…

    Continue reading
    Near Protocol’s move to self-automate growth is powering a rapid spike in its token value.

    NEAR Protocol is set to deploy dynamic resharding in June, an upgrade that will allow the blockchain to automatically scale by adding new shards as demand increases, removing the need…

    Continue reading