Bitcoin’s Rally to $93K Triggers $550M in Losses for Bears Amid Massive Liquidations

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

The market saw nearly $600 million in losses for bearish traders after President Donald Trump’s announcement of a U.S. strategic crypto reserve fueled an unexpected surge across multiple assets.

With Sunday trading typically marked by lower liquidity, price movements were amplified as it took less capital to drive assets higher. Cardano’s ADA soared 60% in 24 hours, while XRP and Solana’s SOL gained 25%. Bitcoin (BTC) also climbed 9% in the same period.

BTC-tracked futures led market-wide liquidations, with over $344 million in long and short positions wiped out, followed by $170 million in liquidations for ETH-tracked futures.

Liquidations occur when exchanges automatically close leveraged positions due to insufficient margin, forcing traders out of their trades when they fail to meet margin requirements.

These liquidation spikes can serve as key market indicators, signaling overbought conditions that may precede corrections or profit-taking events. As a result, traders closely monitor liquidation data alongside other technical indicators.

Open interest—representing the total number of active futures contracts—has surged by as much as 40% for XRP, ADA, and SOL, suggesting traders anticipate further volatility.

Bitcoin (BTC) spiked past $93,000 in early Monday trading, recovering from last week’s dip to $83,500, which was driven by macroeconomic concerns such as U.S. tariffs and rising demand for safe-haven assets like the yen and gold.

Many analysts had expected BTC to test mid-$70,000 levels, given the recent increase in short positions and downside-leaning open interest.

However, Trump’s remarks have revived bullish momentum, at least in the short term. While traders remain cautious about the long-term implications, discussions of BTC reaching $100,000