A wave of liquidations has rocked the crypto market, wiping out billions in leveraged positions as major tokens tumbled to multi-week lows.
Over 1.6 million traders were caught in the sell-off, with the majority losing long positions as Bitcoin, Ethereum, and Solana led a broad downturn.
Data from CoinGlass shows that nearly $19 billion worth of leveraged bets vanished in a single day – a staggering figure that highlights how quickly sentiment flipped from optimism to panic. Most of the pain came from overleveraged longs, which accounted for roughly $16.75 billion of the total wiped-out positions.
The single largest liquidation hit Hyperliquid, where an Ethereum-USDT trade worth more than $203 million was closed out in one move.
Bitcoin’s price briefly sank to $101,000 before stabilizing near $112,000, marking an 8% daily loss. Ethereum suffered an even deeper hit, falling 13% to $3,814, as cascading liquidations intensified the decline. Combined, the two giants were responsible for nearly $10 billion of all liquidations.
The sell-off didn’t stop there – Solana plunged more than 15% to about $184, while XRP and Cardano slumped by 30% and 40%, respectively. Solana alone saw roughly $2 billion in long positions erased, making it one of the hardest-hit assets of the session.
Analysts say the record liquidation volume underscores how fragile the market remains when heavy leverage meets sudden price drops.
Technical indicators like RSI and MACD continue to flash oversold readings, hinting that more volatility may be ahead if confidence doesn’t return soon.
With total crypto market capitalization shrinking and liquidity draining from both spot and futures markets, investors are bracing for what could become another extended correction phase.
Bitcoin miner MARA Holdings boosted its corporate Bitcoin holdings by 400 BTC, valued at approximately $46.3 million, purchasing from institutional liquidity provider FalconX.
Public companies are increasingly adding Solana to their balance sheets, following Bitcoin and Ethereum’s adoption trends.
A trader known for one of the most profitable crypto shorts of the year is back in action, reigniting speculation about insider moves behind recent market turmoil.
The BlackRock iShares Bitcoin Trust ETF (IBIT) is nearing $100 billion in assets under management (AUM). Despite being 438 days old, this ETF has cemented its place as the company’s most profitable. IBIT’s Headed for the Stars IBIT hit its near-$100 billion valuation in just 435 days. According to reports, the ETF hit astronomical valuation […]
This week has been bearish for the crypto market and Friday was no exception. Today, Bitcoin and most altcoins experienced significant declines, following the U.S. jobs report.
On Thursday (August 1), the price of Bitcoin dropped below $63,000 at the time of writing after managing to stay above $64,000 all day.
The crypto market has taken a hit, with a dramatic drop in Bitcoin's value dragging down several major tokens.
Bitcoin’s price has tumbled below the critical $98,000 mark, currently trading at $97,800, a 4.15% drop in the past 24 hours.
On Tuesday, Iran launched a missile attack on Israel in response to the recent killing of Hezbollah leader Hassan Nasrallah. The attack came after the U.S. warned that tensions in the region were likely to escalate.
Satoshi Nakamoto, the elusive creator of Bitcoin, has seen his once-massive fortune take a significant hit.
Cliff Asness, the co-founder of AQR Capital and a prominent hedge fund manager, remains critical of Bitcoin, labeling it a potential "bubble" with no clear use case.
New data from River highlights how businesses handle Bitcoin custody - and the picture looks very different from individual holders.
The crypto market is facing one of its most divided moments in recent memory. While some traders fear the cycle is topping, others point to signals that the final explosive phase is still ahead.
Bitcoin’s current market trajectory is closely mirroring prior bull cycles, raising speculation that fresh all-time highs could emerge within the next few months.
The debate over Bitcoin’s next market top is intensifying, with veteran trader Peter Brandt and analyst Colin Talks Crypto offering sharply different timelines.
For months, Bitcoin bulls have clung to the idea that the market will inevitably top out before 2025 closes.
Bitcoin-based decentralized finance (BTCFi) had a transformative year in 2024, fueled by the April halving, surging Bitcoin prices, and major infrastructure developments.
The US Producer Price Index (PPI) for January revealed a rise of 3.5%, surpassing December's 3.3%, signaling persistent inflation concerns.
Bitcoin has once again demonstrated its resilience in the face of a turbulent market, outperforming the Nasdaq 100 index since the start of the year.
Bitcoin is entering June with renewed strength as institutional appetite and fresh capital flows continue to shape its trajectory.
As Bitcoin faces renewed price pressure, concerns are beginning to surface—particularly among short-term holders (STH) now holding unrealized losses.
Bitcoin core developer Luka Dashjr expressed concern about the current state of the Bitcoin community, comparing it to the situation seven years ago during the Segwit update.
Bitcoin developers have historically maintained a culture of discretion regarding coding errors, quietly patching vulnerabilities to prevent exploitation by hackers.
The cryptocurrency market faced a sharp decline after President Donald Trump announced new tariffs, triggering a sell-off that wiped out around $509 million in value.