Solana, Cardano, and BNB prices saw an increase as Bitcoin surged past $73,000. Altcoins experienced a surge with SOL surpassing $92, ADA reaching $0.28, and BNB nearing $675. The price gain caught leveraged traders off guard, resulting in over $370 million in liquidations across the crypto market.
Cryptocurrency prices rose on Friday as risk assets attempted a rebound, coinciding with easing oil prices. Solana (SOL), Cardano (ADA), and Binance Coin (BNB) were among the tokens that saw significant gains.
As these altcoins approached critical price levels, bearish traders were surprised by the sharp upward movement.
The sudden spike led to the elimination of many short positions, causing total 24-hour liquidations to exceed $370 million.
The majority of the liquidations involved BTC and ETH shorts, with Solana also witnessing a notable wave of forced exits.
SOL, ADA, and BNB Reach Key Levels
As US stocks posted modest gains alongside a decrease in oil prices, the sentiment in the crypto market turned significantly positive.
This broader rebound pushed Solana (SOL) above $92, marking a 24-hour gain of over 6% as investor confidence returned to the market.
Cardano (ADA) also experienced an upward movement, reaching $0.28 after a 5% increase in the past 24 hours. This rally helped ADA regain its position among the top 10 cryptocurrencies by market capitalization, surpassing Hyperliquid.
In addition, BNB surged to around $675, gaining approximately 3% during the same period.
These price movements coincided with Bitcoin’s sharp rally above $73,000, with BTC reaching intraday highs of $73,758 at the time of writing.
The surge also lifted Ethereum (ETH), which surpassed $2,200 during the session.
CRYPTO MARKET UPDATE:
• BTC: $73,452• ETH: $2,191• BNB: $675• SOL: $92 pic.twitter.com/OPTgNVWhuj
— SolanaFloor (@SolanaFloor) March 13, 2026
Liquidations Spike by 120% as Shorts Face Pressure
Data from CoinGlass revealed that over the past 24 hours, more than 93,680 traders were liquidated, resulting in total liquidations surpassing $370 million.
Bitcoin accounted for over $154 million in liquidations, while leveraged Ethereum traders experienced more than $115 million in wiped out positions as ETH crossed $2,150.
The largest liquidation on a global exchange occurred on Hyperliquid in the BTC-USD pair, with a trade valued at $4.24 million.
Additionally, over $20 million in liquidations were associated with Solana positions, with long positions representing only about $2.4 million of that total.
Short sellers bore the brunt, with over $18 million in SOL short positions liquidated as Solana’s price volatility exceeded 8%. CoinGlass data indicated that more than 3,500 traders were liquidated as SOL crossed the $91 mark.
Elsewhere, BNB recorded approximately $820,000 in liquidations, while ADA saw around $985,000 in positions wiped out.
Such liquidation cascades have the potential to accelerate price rallies, as forced buying from margin calls injects additional liquidity into rising assets. Analysts suggest that this phenomenon often occurs in the early stages of robust market uptrends.
However, with ongoing macroeconomic and geopolitical risks, prices may continue to exhibit volatility as traders readjust their positions.
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