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Brutal Long Liquidations Shake Crypto Markets Over Easter

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Image credit: Jievani Weerasinghe

Over a four‑hour stretch on Sunday, Bitcoin (BTC) saw an unprecedented one‑sided flush as leveraged longs were swept out, highlighting the risks of crowded trades heading into the holiday weekend.


Sharp Price Drop and Liquidation Imbalance

  • Price Action: Bitcoin fell from around $85,400 to a low near $83,800 before recovering to $84,453.

  • Long vs. Short: A 13,520% long‑to‑short liquidation imbalance—$9.62 million in long positions wiped out versus $71,000 in shorts.

  • Total Liquidations: $35.35 million across all crypto assets in that window, with 83.6% of the pain borne by longs.


Biggest Hits by Token

  1. BTC: $9.7 million liquidated

  2. ETH: $8.2 million liquidated

  3. SOL: $2.45 million liquidated

  4. Largest Single Order: A $5.95 million BTC/USDC position on Binance, per CoinGlass.


Broader Market Impact

  • 24‑Hour Toll: $165.1 million in total liquidations, impacting over 119,000 traders.

  • Over‑Leverage Warning: Such extreme one‑way liquidations—over 130× more longs than shorts—underscore how crowded bullish bets can unravel quickly.

  • Volatility Signals: Rapid dip and bounce point to short‑term overselling, but the damage to overextended positions was already done.


Monitor Historical Crypto Trends

For a deeper view of Bitcoin's past volatility and price patterns—including OHLCV data across multiple timeframes—explore the
🔗 Cryptocurrency Historical Data API from Financial Modeling Prep.
This API provides comprehensive historical pricing and volume metrics to help analyze market dislocations and trend reversals.


This Easter weekend's liquidation event serves as a stark reminder: in highly leveraged markets, even a modest push in the opposite direction can trigger outsized losses for crowded long positions.

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