CentBit.Online – Crypto & Blockchain Expert, Bangladesh
In the past 24 hours, a staggering $675 million has been liquidated from the global cryptocurrency market, reflecting a sharp spike in volatility that has caught thousands of leveraged traders off guard. The massive liquidation wave spanned across both long and short positions, impacting nearly every major digital asset — from Bitcoin and Ethereum to high-risk altcoins.
What Triggered the Crash?
The widespread sell-offs were triggered by a combination of factors:
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Regulatory Uncertainty: The failure of the U.S. House to advance key crypto-friendly legislation, including the Crypto Genius Act and the Anti‑CBDC Act, has shaken market confidence.
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Interest Rate Concerns: Fear of additional U.S. Federal Reserve interest rate hikes has led investors to reduce risk exposure across markets.
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Whale Activity: On-chain analytics point to large Bitcoin holders moving funds to exchanges — often a precursor to major selling events.
Breakdown of Liquidations
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Total 24h Liquidations: $675,000,000
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Top Exchanges Affected: Binance, OKX, Bybit, and Deribit
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Largest Single Liquidation: ~$9.2 million long position on Ethereum (ETH)
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Ratio: 72% of liquidations came from long positions
Market Impact
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Bitcoin ($BTC): Dropped from ~$114,000 to as low as $109,200, currently hovering around $110,800
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Ethereum ($ETH): Fell from ~$3,850 to $3,550 before recovering slightly
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Altcoins: Solana, Chainlink, and Cardano all posted double-digit losses during the dip
Liquidation Summary by Asset
| Asset | Total Liquidated | 24h Price Movement |
|---|---|---|
| Bitcoin | $290M+ | -3.8% |
| Ethereum | $180M+ | -4.2% |
| Solana | $42M | -7.1% |
| Others | $163M | -5% to -12% |
Expert Commentary
“This is a textbook example of leverage unwinding,” said Faisal Ahmed, senior crypto analyst at CentBit.Online. “Overconfidence in a rally without fundamentals or regulatory clarity always leads to a correction.”
What’s Next?
Analysts expect short-term volatility to remain elevated, especially ahead of upcoming U.S. economic reports and potential updates from central banks.
Investors are advised to:
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Reduce excessive leverage
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Monitor whale wallet activity
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Watch for key support levels around $108,000 for BTC and $3,400 for ETH
CentBit.Online will continue providing 24/7 updates on liquidation events, crypto regulation, and market movements to keep you informed and prepared.
