Liquidations in the cryptocurrency market exceeded $ 270 million per day

Over the past day, the crypto market showed mixed results: Bitcoin BTC $107,432.00 Mezo Wrapped BTC -1.95% Market capitalization $38.31 million VOL. 24 hours $1.74 billion grew by 0.82% to $ 113,254.92, while Ethereum ETH $4,002.71 Bridged Ether (StarkGate) -4.55% Market capitalization $93.63 million VOL. 24 hours $2.84 billion decreased by 1.42% to $ 4,124.28. Other coins in the black were XRP (2.82%, $ 2.91) and Dogecoin DOGE $0.23 Binance-Peg Dogecoin -6.43% Market capitalization $0.59 billion VOL. 24 hours $0.41 billion (0.29%, $ 0.2398), while Solana SOL $201.70 Binance-Peg SOL -6.27% Market capitalization $0.22 billion VOL. 24 hours $0.94 billion fell 1.65% to $ 210.87.

Bitcoin recovered from a sharp drop at the beginning of the week and almost reached $ 114,000. At the same time, Ethereum continued to fall, updating the day’s low by $ 4,081.35 and is now 16.82% lower than its all-time high last month. BTC’s dominance in the market has increased to 58%, while the share of altcoins (without ETH) has reached over 29%.

Over the past day, liquidations on the market reached $ 270 million, of which $ 186 million were in long positions. The open interest in Bitcoin decreased by 1.35%. This, along with the price increase, indicates that short positions are being closed. At the same time, more than 55% of traders on Binance remain long on BTC. The Fear and Greed Index shows the dominance of fear.

Concordium (CCD) (118.53%, $ 0.1 855), AWE (35.15%, $ 0.1205), and Omni Network (OMNI) (33.66%, $ 1.62) recorded the largest gains among assets with a market capitalization of more than $ 100 million. The total capitalization of the crypto market increased by 0.44% per day and reached $ 3.90 trillion.

Analysts at Bitcoin IRA emphasized that seasonal volatility should not worry long-term investors: October has traditionally been a strong month for the crypto market. CryptoQuant added that the low implicit volatility of BTC, record low reserves on exchanges, and neutral funding ratios create a sense of «calm before the storm» — a situation that previously preceded large-scale rallies.