The post BTC and Altcoin Liquidations Top $914 Million Amid Liquidity Crisis appeared on BitcoinEthereumNews.com.

Crypto market crash continues to extend further as the Bitcoin price takes a dip all the way to $91,000 levels with overall market liquidations soaring all the way to $914 million. Altcoins could be facing an even greater crash amid a liquidity crisis-like situation. Bitcoin Leads Crypto Market Crash Over the last 24 hours, the broader crypto market has lost more than $150 billion with the total market cap slipping under $3 trillion. Bitcoin losses have extended further by 4% slipping all the way to $91,000 while falling under key support levels. As per the Coinglass data, the 24-hour Bitcoins liquidations have topped $274 million of which $258 million is in long liquidations. Furthermore, this selling pressure comes with a 150% surge in daily trading volumes to more than $51 billion. Further BTC Price Correction Coming? Amid the steep fall in the Bitcoin price, market analysts are flashing warning signs hinting at the possibility of further correction and a crypto market crash. For the first time since September 2024, Bitcoin demand has dropped into negative territory as per Julio Moreno, the head of research at CryptoQuant. Moreno highlighted the challenges facing Bitcoin in the current market conditions, noting that such negative demand growth makes it difficult for prices to rally. He further warned that the risks of a further market correction are increasing. Source: CryptoQuant Also, as per crypto analyst Ali Martinez, if BTC bulls fail to hold the $93,700 support on a daily closing basis, it risks falling further to the next major support at $75,600. The warning comes as market participants closely monitor Bitcoin’s price movements amid heightened volatility and macroeconomic uncertainty. As of press time, BTC price is trading 3.6% down at $91,910 levels. Source: Ali Charts Bitcoin ETF Sell-Offs On The Rise Additionally, last week, Bitcoin…

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Filed under: News - @ February 25, 2025 11:24 am