- About $242.5 million in crypto positions were liquidated over 24 hours.
- Bitcoin and Ethereum made up the largest share of liquidations, driven mostly by long positions.
- Cardano, Solana, and Dogecoin were the weakest large-cap performers as leveraged long exposure was reduced.
- Analysts describe the action as a leverage reset and consolidation rather than a clear trend reversal.
Over the last 24 hours roughly $242.5 million in crypto bets were wiped out as prices fell and leveraged longs were forced closed. Long liquidations kept Bitcoin near about $87,200 on Monday, with CoinGlass data showing nearly $82.1 million in BTC liquidations, mostly on the long side (CoinGlass).
Bitcoin traded around $87,235, down more than 3% in 24 hours. Retail sentiment on Stocktwits moved into ‘bearish’ territory and chatter rose from ‘low’ to ‘normal’. Some analysts view the move as consolidation and note relative positioning matters more than a structural trend change; one analyst flagged silver’s recent outperformance versus Bitcoin as possibly overstretched (CryptoKaleo).
Other analysts are revisiting the global M2 liquidity idea as a long-term support factor for Bitcoin (GordonGekko). A Santiment analyst added that crowd sentiment has historically inverted at key levels, with anxiety often coinciding with rebounds (Santiment).
In large caps, Ethereum fell to about $2,925 (down ~2.4%), with roughly $56.4 million in ETH liquidations, mainly longs. tron traded near $0.29 with low liquidations. Binance Coin (BNB) lost about 2% to $848 with subdued leverage activity. XRP changed hands near $1.85 with about $3.7 million liquidated, mainly longs.
Meme and smart-contract tokens underperformed: Dogecoin slid to roughly $0.12 and saw about $2.4 million in liquidations. Solana dropped to near $123 with over $10 million liquidated. Cardano led altcoin losses, falling more than 7% toward $0.35 as long exposure cleared, though retail sentiment on Stocktwits remained ‘bullish’ with chatter rising from ‘normal’ to ‘high’.
Definitions: Liquidation — forced closure of a leveraged position to cover losses. Long position — a bet that an asset’s price will rise.
The market-wide unwind appears to be a leverage reset; total crypto liquidations were about $242.5 million, leaving markets thin and sensitive to macro and liquidity signals.
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