According to SOL, ADA and BNB increase Bitcoin at 73k. $370 million in shorts
Bitcoin rose above $73,000, while Solana, Cardano and BNB prices rose. Altcoins are on the rise as SOL crosses $92, ADA reaches $0.28 and BNB approaches $675. The price gains have fueled wealthy traders with more than $370 million across crypto.
Cryptocurrency prices rose on Friday as risk assets tried to rebound amid easing oil prices, with Solana (SOL), Cardano (ADA) and Binance Coin (BNB) among the signs posting significant gains.
As these altcoins neared key price levels, bear traders were caught off guard by the move higher.
Thorn wiped out several short positions, pushing total 24-hour liquidity above $370 million.
Most of the liquidations involved BTC and ETH shorts, although Solana experienced a significant wave of forced exits.
SOL, ADA and BNB move to key levels
As US stocks posted modest gains alongside a rebound in oil prices, sentiment in the crypto market turned very positive.
The broad rebound pushed Solana (SOL) above $92, marking a 24-hour gain of more than 6% as renewed investor confidence returned to the market.
Cardano (ADA) also moved higher, reaching $0.28 after gaining about 5% in the last 24 hours. The rally helped ADA secure its place among the top 10 cryptocurrencies by market capitalization ahead of Hyperliquid.
Among other leading altcoins, BNB rose to about $675, gaining roughly 3% over the same period.
These moves came alongside Bitcoin's sharp rally above $73,000, with BTC hitting an all-time high of $73,758 at the time of writing.
The increase lifted Ethereum (ETH), which rose above $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
When shorts feel the pressure, fluids jump 120%
According to data from CoinGlass, more than 93,680 traders were banned in the last 24 hours, with total liquidity reaching over $370 million.
Bitcoin covered over $154 million in liquidity, leveraged Ethereum traders liquidated positions of over $115 million while ETH saw it move above $2150.
On international exchanges, the single largest liquidation occurred in the BTC-USD pair by Hyperliquid, with a trade of $4.24 million.
Meanwhile, more than $20 million of liquidators were tied to Solana positions, with long positions holding more than $2.4 million of the total.
Short sellers took the biggest hit, losing more than $18 million in SOL short positions as Solana's price volatility dropped more than 8%. CoinGlass data shows that when SOL crossed the $91 mark, more than 3,500 traders were let go.
Elsewhere, BNB recorded a liquidation of around $820,000, while ADA had around $985,000 of positions liquidated.
Such liquidity leaks can accelerate price rallies, as forced buying from margin calls injects more cash into rising assets. Analysts say this volatility is often seen in the early stages of strong market movements.
However, macroeconomic and geopolitical risks remain, and prices can be volatile as traders continue to shift positions.
