The post Altcoins Plunge as $1.2 Billion in Liquidations Rattle Crypto Markets appeared on BitcoinEthereumNews.com.

Altcoins The cryptocurrency market continued its downward spiral on Thursday, with altcoins taking the heaviest losses after Bitcoin tumbled to $105,000. The total crypto market capitalization has now fallen to $3.53 trillion, down over 6% in a single day, as investor sentiment swings sharply toward fear. Ethereum, BNB, Solana, and XRP all suffered steep declines amid a wave of forced liquidations. Ethereum dropped to $3,733 after losing nearly 7% in 24 hours, while BNB slumped over 11% to $1,049. Solana fell 8.3% to $176, and XRP declined by more than 7% to $2.22. Cardano also joined the sell-off with a 10% loss, trading at just above $0.60. The selling pressure comes as more than 309,000 traders were liquidated in the past 24 hours, with total liquidations exceeding $1.2 billion. According to data from Coinglass, long positions accounted for nearly $944 million of the wipeouts, while shorts saw about $261 million in forced closures. Bitcoin and Ethereum were the hardest hit, with $414.5 million and $268.8 million in liquidations respectively. Solana followed with over $105 million cleared, while XRP and Dogecoin each saw around $25–30 million in positions erased. The largest single liquidation occurred on Hyperliquid involving an ETH-USD trade worth approximately $20.4 million, underscoring the scale of the recent market stress. Analysts say the surge in liquidations amplified the sell-off as cascading stop orders triggered additional downward momentum across major altcoins. Market sentiment has also deteriorated rapidly. The Crypto Fear and Greed Index has plunged to 28, signaling “fear” territory, compared to a neutral 54 just a week ago. The index’s sharp drop highlights the panic gripping traders who only weeks ago were betting on a year-end rally. The total market downturn follows days of volatility linked to macroeconomic uncertainty and speculation around policy changes. While Bitcoin’s fall to $105,000…

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Filed under: News - @ October 17, 2025 9:23 am