Crypto Liquidations Hit $1.5 Billion As Market Sentiment Slumps
The post Crypto Liquidations Hit $1.5 Billion As Market Sentiment Slumps appeared on BitcoinEthereumNews.com.
Crypto liquidations rise over $1.5 billion in 24 hours, pushing fears of a bear market. This is the third time in February that market liquidations have exceeded the billion mark in a 24-hour period. However, even if the worst predictions come true, analysts think crypto is still well-positioned to consolidate and come back stronger by mid-2025. Flash Crashes and Liquidations on the Rise Rumors of a bear market are circulating throughout the crypto market. Bitcoin ETFs are seeing huge outflows with little sign of stopping, and this is having a negative effect on the asset’s price. However, a broader look at the data shows heightened losses all across crypto, with over $1.5 billion in total liquidations in the last 24 hours: Crypto Liquidations Spiking. Source: CoinGlass Bitcoin is the biggest cryptoasset, and its declines are linked to a titanic ETF market, but it is not the biggest loser today. Ethereum was a standout for crypto liquidations, partially in the fallout from last week’s Bybit hack. Bitcoin fell below $90,000 today, for the first time in over three months. The large amount of consecutive ETF outflows also reflects retreat from institutional investors. Meanwhile, Ethereum saw the largest liquidations, as the fallout from last week’s Bybit hack is still visible to some extent. Most notably, today’s crash reflects a trend of frequent flash crashes in the market. In 2025, the crypto market has witnessed four major crashes in a 24-hour window, driven by different macroeconomic factors. Four Notable Liquidation Period in the Crypto Market Since December. Source: The Kobeissi Letter Although the market has quickly recovered each time, the freuqency of these liquidations are concerning. However, it signals a clear trend that market sentiment is changing rapidly in the market, even more frequently than in previous cycles. If we look at the…
Filed under: News - @ February 26, 2025 12:24 am