Bitcoin Consolidates at $74,000, Ethereum Stable at $2,300! "750,000 People Liquidated" on Eve of FOMC

Bitcoin trades within a narrow range around $74,000. Ethereum slightly recovers. 24-hour global liquidations reach $265 million, with long positions dominating. The market is awaiting tonight’s Federal Reserve FOMC rate decision.

(Background: Is Bitcoin’s reversal the “last dip” before a rally? The real script of liquidity tightening is unfolding.)

(Additional context: Can Bitcoin enter a long-term bull market by 2026? The key is to overcome three major tests.)

Table of Contents

Toggle

• Ethereum slightly recovers, now at $2,323
• 24-hour liquidations total $265 million, mostly longs
• FOMC decision announced tonight, market sentiment remains cautious

Bitcoin hit a 24-hour low of $73,399 at 21:00 Taiwan time on 03/17, then gradually rebounded, reaching a intraday high of $74,894 at 23:00 on 03/17. Overall volatility stayed within 2%. As of writing, BTC is at $74,004, up 0.06% in 24 hours, with a 24-hour trading volume of about $1.31 billion. The trend is sideways.

Ethereum slightly recovers, now at $2,323

Ethereum hit a daily low of $2,298 at 14:00 on 03/17, then followed the market trend upward, reaching a high of $2,358 at 23:00 on 03/17. Over 24 hours, ETH increased by 0.81%, performing slightly better than Bitcoin. As of writing, ETH is at $2,323.

24-hour liquidations total $265 million, mostly longs

According to CoinGlass data, total liquidations over the past 24 hours reached $265 million, affecting 75,227 traders. The largest single liquidation was $7.29 million. In terms of long vs. short positions, longs dominate: BTC longs liquidated $66.13 million, shorts $26.29 million; ETH longs liquidated $77.51 million, shorts $15.18 million. During sideways trading, leveraged longs face heavier pressure.

FOMC decision announced tonight, market sentiment remains cautious

The Federal Reserve FOMC rate decision will be announced at 02:00 on 03/19 Taiwan time, the most important macro event of the week. Currently, the market widely expects no change in interest rates. Investors are becoming more cautious, and the crypto market remains low-volatility and sideways ahead of the decision. The outcome and the policy signals from the press conference will be key indicators for the short-term direction.