Crypto Market Sees Massive Liquidations as Bitcoin Drops Below $84K

The crypto market has recently gone through significant volatility and price consolidation. As per the data from Phoenix Group, Bitcoin ($BTC) and Ethereum ($ETH) have experienced $88.28M and $70.14M in Liquidations, as of March 29, 2025. The crypto data analytics firm shared the overview of the crypto market in a recent X post.

Bitcoin Leads in Market Dominance and Liquidations

At present, Bitcoin ($BTC) is changing hands at $83,706. In addition to this, the top crypto asset’s market dominance has touched 61.3%. Simultaneously, Bitcoin accounts for a $133.05B in terms of its total value locked in the decentralized finance sector. Apart from that, it has led the crypto projects when it comes to liquidations. Within the recent 24 hours, Bitcoin’s liquidations have touched the $88.28M mark in cumulative value. Additionally, the ratio of Bitcoin’s long and short positions accounts for 49.57% to 50.43%.

Ethereum ($ETH), on the other hand, has a price of up to $1,876. Parallely, the crypto market dominance of Ethereum currently stands at 8.4%. Apart from that, the $ETH Gas accounts for 1 GWEI. Concurrently, the top altcoin has gained the 2nd rank among the crypto projects witnessing top liquidations. In this respect, the total liquidations of the Ethereum network equal up to $70.14M.

$AAVE, $ZEC, and $CRO Take Top Positions in Price Recovery

Along with that, several crypto projects have also recorded considerable price dips and bounces. The top among them include $AAVE, $ZEC, $CRO, $TRX, and $BGB. Particularly, $AAVE experienced a -1.84% dip, leading to a 5.18% bounce. After that, $ZEC’s 2.74% bounce resulted from a -2.00% dip. Another project beholding notable dip and bounce is CRO, with its price accounting or a 2.58% jump after a -5.38% plunge. Moreover, $TRX’s -0.13% dip led to a 2.22% bounce while $BGB recorded a 1.97% bounce following a -4.01% decline.

Fear and Greed Index Hits ‘27,’ Showing Rising Fear

Phoenix Group’s data also reveals $XRP, $SOL, and $DOGE as the key projects incurring liquidations after Bitcoin and Ethereum . They saw $19.37M, $12.15M, and $8.13M in liquidations, respectively. Overall, the fear and greed index of the crypto market dipped to 27, highlighting rising fear among the community.