CentBit.Online – Crypto & Blockchain Expert, Bangladesh
In another wave of high volatility, the cryptocurrency market has seen over $305 million in liquidations within just four hours, shaking traders and raising fresh concerns over leverage-driven market instability.
According to data from Coinglass and other analytics platforms, both long and short positions were decimated, though long positions accounted for over 70% of the wiped-out positions. The wipeout has impacted major digital assets, including Bitcoin (BTC) and Ethereum (ETH), as well as smaller altcoins.
Liquidation Snapshot (Past 4 Hours)
| Asset | Liquidated Amount | Price Impact |
|---|---|---|
| Bitcoin | ~$145M | Dropped to ~$110,400 |
| Ethereum | ~$95M | Fell to ~$3,570 |
| Others | ~$65M | Altcoins down 6–12% |
“We’re seeing cascading liquidations from over-leveraged traders. This is a harsh reminder of the risk in a market that’s still finding its footing,” said Tanvir Hossain, analyst at CentBit.Online.
What Caused the Selloff?
Several factors likely contributed:
-
Whale Movements: Large wallets were seen transferring BTC and ETH to exchanges, triggering concerns of big sell-offs.
-
Regulatory Anxiety: The U.S. Congress recently failed to pass key crypto legislation, adding to global uncertainty.
-
Macro Tensions: Speculation about upcoming interest rate hikes and weak tech earnings rattled all risk-on markets, including crypto.
Market Sentiment
-
Fear & Greed Index: Down from 58 to 42 (Neutral → Fear)
-
Derivatives Funding Rates: Turned negative across multiple exchanges, suggesting bearish sentiment
Analysts warn that if Bitcoin dips below the $108,000 support zone, further liquidations may follow, potentially pushing ETH below $3,400.
CentBit Expert Insight
“For Bangladeshi investors, this should be a wake-up call,” said Imran Kabir, DeFi educator at CentBit. “Avoid high leverage, diversify your assets, and always monitor global news — the crypto market moves in minutes.”
What to Watch
-
Federal Reserve announcement later this week
-
Further crypto-related court rulings (especially involving influencers and U.S. bills)
-
Whale wallet behavior over the next 24–48 hours
CentBit.Online will continue to provide up-to-the-minute updates on market conditions, liquidation events, and trading insights. Subscribe for our Bangladesh-focused blockchain and crypto coverage.
