Liquidations of the cryptocurrency market reached a record $ 1.6 billion per day

Within a day, bitcoin BTC $102,010.00 Mezo Wrapped BTC -1.84% Market capitalization $53.48 million VOL. 24 hours $5.35 billion dropped to $ 100,000 after a large-scale sell-off that resulted in the liquidation of more than $ 1.6 billion in long positions in just one day. This sharp decline was one of the largest since September and spread across the entire cryptocurrency market, causing significant losses among the major altcoins — Ethereum ETH $3,296.15 Bridged Ether (StarkGate) -5.56% Market capitalization $75.5 million VOL. 24 hours $5 billion , Solana SOL $156.23 Binance-Peg SOL -2.73% Market capitalization $0.17 billion VOL. 24 hours $1.24 billion , and XRP XRP $2.23 XRP -1.52% Market capitalization $133.91 billion VOL. 24 hours $0.74 billion .

According to CoinGlass, more than $ 2 billion of crypto futures contracts were forcibly closed within 24 hours, with 80% of the losses coming from traders who were betting on growth. This was the result of automatic sales, when exchanges liquidate the positions of leveraged participants after strong market movements against them.

Analysts attribute the collapse to a broader «risk-off» sentiment in global financial markets. Among the reasons are uncertainty about a possible decision by the US Federal Reserve to abandon another rate cut, concerns about the state of credit markets, tariff policy, and overvalued stocks. Jerry O’Shea, head of global market research at Hashdex, noted that the situation was exacerbated by «expected profit-taking by long-term investors.»

After a brief drop, bitcoin partially recovered, rising to $ 101,000, but remains in the red — about 5.5% per day and more than 10% over the week. Among altcoins, losses were as follows: Ethereum — 10%, Solana — 8%, BNB — 7%.

Despite the short-term volatility, some experts remain optimistic. They emphasize that the $ 100,000 level is primarily a psychological boundary rather than fundamental support, and the current fluctuations do not indicate a weakening of the long-term investment prospects for bitcoin. According to analysts, the next few days will be crucial for the market to see whether the cryptocurrency can maintain this level or whether a new wave of liquidations will come.