The post $700M Liquidated in Bitcoin, ETH, XRP, SOL, DOGE, XPL appeared on BitcoinEthereumNews.com.

Crypto market crash on Wednesday saw the market cap tumbling back to $4.1 trillion, down more than 2.50% over the last 24 hours. Moreover, the Crypto Market Fear & Greed Index recorded a sharp drop in the sentiment from 70 (greed) to 60 (greed) in just a day. Bitcoin (BTC) loses strength amid massive profit booking and plunges more than 4% to $121,257 from $126,200 ATH. Ethereum (ETH) reverses 7% to $4,436, witnessing exceedingly higher liquidations than BTC in the last 24 hours. This is a hallmark of Euphoria phases, where widespread profitability often fuels accelerated profit-taking and rising market risk. Top altcoins XRP, Solana (SOL), Cardano (ADA), and Hyperliquid (HYPE) fell 5-10% over the last 24 hours. Meme coins Dogecoin (DOGE) and Pepe Coin (PEPE) tumbled over 7%, with Shiba Inu (SHIB) trying to defend levels after 5% fall. DoubleZero (2Z) and Plasma (XPL) are down nearly 19% and 13%, respectively. Profit Booking Driven Crypto Market Crash Widespread profit-taking by high-leverage traders caused the crypto market crash. Strong ETF inflows, renewed spot & derivatives demand, and rising on-chain activity led to holders sitting at 99.5% profit. Moreover, short-term holders’ unrealized profit rose to 10%, which typically follows massive dumping. Bitcoin Percent Supply in Profit. Source: CryptoQuant  Bitcoin and Ethereum open interests hit a new high during the latest crypto market rally. The setup last witnessed in December led to months of sideways moves followed by a 30% broader crypto market crash, as per on-chain analyst Maartunn. Bitcoin and Altcoins Open Interest Long-term holders and whales are also selling. According to Onchain Lens data, a Bitcoin OG deposited 3,000 BTC into Hyperliquid and started selling it for USDC. The whale has sold 960.57 BTC for $116 million until now and holds 46,765 BTC worth $5.7 billion. The current pullback is…

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Filed under: News - @ October 8, 2025 6:28 am