Bitcoin Slips 2.4% Sunday, Long Bets Account for Majority of $415M in Liquidations

After clawing its way back above $67,000 on Saturday, bitcoin slipped 2.4% against the greenback on Sunday, gliding just north of the $65,000 mark. Data from crypto derivatives markets show roughly $415 million in positions have been liquidated.

Nearly 92,000 Traders Liquidated as Bitcoin Pulls Back

On March 1, 2026, bitcoin hovered just above the $65,000 zone at 4 p.m. EST after reaching higher levels the previous day. The leading crypto asset is down 2.4% on the session and 22% lower than it was 30 days ago. From an all-time high standpoint, $BTC remains 48% below its Oct. 6 peak above the $126,000 range.

The stumble has left a bruise across crypto markets, with the entire crypto sector off more than 2% on the day and clinging to a $2.25 trillion market capitalization. Derivatives traders are taking hits across the board, and of the $415 million in liquidations logged over the past 24 hours, $246 million came from long positions, including $133 million tied to bitcoin bets. Data from Coinglass.com shows 91,876 traders were liquidated during the same stretch.

Bitcoin.com News previously highlighted a Hyperliquid whale carrying a $42 million 40x leveraged long on $BTC, who was partially liquidated at the time. As $BTC slid to an intraday low of $65,092, his net equity shrank from $463,729 to $156,212 by 4 p.m. EST. Other perpetual futures traders who piled into long positions after yesterday’s rebound watched their trades unravel quickly during the day’s session.

Traders Bet on $55K Bitcoin as Market Confidence Wavers

Confidence in a near-term rebound appears thin, with prediction market participants wagering that lower prices may come first. On Myriad’s event titled “ $BTC next move: Pump to $84K or Dump to $55K?”, traders currently assign a 62% probability to a drop toward $55,000. Only 38% are betting the leading crypto asset reaches $84,000 before testing deeper lows.

The Crypto Fear and Greed Index remains parked in “extreme fear,” registering 14 out of 100 on the day. Social media commentary runs the gamut, from calls for capitulation to forecasts of a swift turnaround. Economist Alex Krüger wrote, “ Bitcoin @ 78-82 by end of Q1. That’s my target. Down here, we are in the land of doubt and fear. Above 71-72 is where FOMO kicks in.”

Strive’s vice president of strategy, Joe Burnett, noted, “If bitcoin ends March below ~$67,000, it will be the second time in bitcoin’s history falling 6 consecutive months. The previous time was January 2019, which marked the bear market bottom.”

Burnett added:

“One year later $BTC was 2.7x higher. Two years later $BTC was 9.7x higher.”

For now, short-term traders are navigating sharp swings and thinning conviction, while longer-horizon advocates point to past cycles that eventually rewarded patience.

Whether March closes as another chapter in a prolonged drawdown or the setup for a familiar recovery pattern, the market is making one thing clear: leverage is unforgiving, sentiment is fragile, and every level from here carries weight.

FAQ 🧭

• What is bitcoin’s price today in the United States?
  As of 4 p.m. EST on March 1, 2026, bitcoin is trading just above $65,000, down 2.4% on the day.
• How much was liquidated in crypto markets in the past 24 hours?
  About $415 million in crypto derivatives positions were liquidated, with $246 million coming from long trades.
• Why are traders betting on lower bitcoin prices?
  Prediction market data from Myriad shows a 62% probability that bitcoin falls to $55,000 before reaching $84,000.
• What does the Crypto Fear and Greed Index show right now?
  The index reads 14 out of 100, signaling “extreme fear” among crypto investors.