The crypto market has taken quite a wild ride recently, and it’s enough to make even the most seasoned investors feel a bit uneasy. With crypto liquidations soaring to a staggering $690 million, many are left wondering: is this just a bump in the road, or a sign of something more sinister lurking beneath the surface? Adding to the tension, investor sentiment has sunk into the “extreme fear” zone, with Bitcoin and Ethereum leading the pack in liquidations, at $271 million and $122 million, respectively. As the dust settles, it’s clear we’re in a critical moment for the crypto space—will this mark the bottom of the downturn, or is it just the beginning of a prolonged bearish phase? Let’s dive in and explore the unfolding story. LEARN MORE
Key Notes
- Crypto liquidations reach $690 million amid bearish market conditions.
- The market has entered the “extreme fear” zone.
- Bitcoin and Ethereum are leading the charts with $271 million and $122 million in liquidations, respectively.
The market-wide investor sentiment is seeing a strong bearish momentum after the crypto liquidations chart skyrockets.
Crypto Market Goes Red as $634 Million Liquidations Surface | Source: coin360.com
According to data from Coinglass, the total daily crypto liquidations increased by over 400% in the past 24 hours, reaching a whopping $690 million. Most of the liquidated positions are longs, worth $546 million, while short traders lost roughly $142 million.
Bitcoin
BTC
$80 655
24h volatility:
3.2%
Market cap:
$1.60 T
Vol. 24h:
$43.69 B
is leading the pack with $271 million in liquidations ($217 million longs and $54 million shorts) in 24 hours. The asset’s price swings between $80,000 and $86,000. Bitcoin is currently hovering around the $84,000 mark, down 2.2% over the last day.
Ethereum
ETH
$2 051
24h volatility:
2.7%
Market cap:
$247.49 B
Vol. 24h:
$24.78 B
is second to Bitcoin with $122 million in liquidations—$96 million in longs and $26 million in shorts.
Interestingly, during the recent marketwide downturn, Bybit’s $232 million liquidations surpassed Binance’s $206 million liquidations. The largest single liquidation order still happened on the Binance exchange and is worth $32 million in the BTC/USDT pair, per data from Coinglass.
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