- Ethereum led cryptocurrency liquidations with over $100 million in forced unwinds within 24 hours.
- XRP posted the strongest gains among major tokens, rising nearly 3% as its liquidations totaled $4.6 million.
- Total crypto market liquidations reached $247 million, driven mainly by long position reductions as traders deleveraged.
- Bitcoin traded around $87,400, recovering modestly while its liquidation volume dropped by more than half compared to the previous day.
- Retail sentiment across key coins remained in bearish or extremely bearish territory, with low levels of online discussion.
The cryptocurrency market experienced major liquidations over the past 24 hours, with Ethereum (ETH) accounting for over $100 million in forced position closures. In total, $247 million in liquidations occurred as traders trimmed long positions amid market uncertainty.
XRP, also known as Ripple, saw the largest price increase among the top tokens. The token’s value climbed nearly 3% to approximately $1.93. According to CoinGlass data, $4.6 million in XRP derivatives were liquidated, mostly from long positions. Retail sentiment for XRP stayed bearish, with low online engagement over the past day.
Bitcoin (BTC) remained volatile. Its price hovered around $87,400, up nearly 1.5% from the previous day. However, Bitcoin‘s liquidation volume dropped sharply to $62 million from the prior day’s $174 million. Glassnode reported that although the crypto market calmed following last week’s price swings, future trading is likely to remain uneven. Retail sentiment for BTC continued in an extremely bearish state.
For Ethereum, the coin traded near $2,955 with a slight gain of less than 1%. It led all tokens in liquidation flow, with about $105 million over the past day. Online sentiment regarding ETH remained extremely bearish, and the level of online discussion decreased.
Other altcoins also saw price increases. Solana (SOL) traded near $129, rising 2% and seeing roughly $9.6 million in liquidations, half from long positions. Dogecoin (DOGE) gained 2% to $0.13, with $2.6 million in liquidations, mostly from long positions. Binance Coin (BNB) climbed 1.4% to $869, but had less than $0.5 million in liquidations. tron (TRX) was up less than 1% at $0.28 with under $1 million in liquidations. Cardano (ADA) traded near $0.38, gaining 0.6% as $1.3 million in liquidations were reported, primarily from longs.
Overall, most traders adjusted their positions by reducing leverage rather than responding with sell-offs. Retail sentiment across major cryptocurrencies stayed bearish, while discussions across platforms declined.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Dogecoin Falls Below $0.1310 After Fed Rate Cut, Bears Take Control
- Creators Coalition on AI Launches to Set Industry Standards
- Tesla to Produce 8 GWh of Batteries in Berlin by 2027, Invests Big
- Bitcoin ETF Outflows Rise, Yet Institutional Demand Remains Stable
- Aave Labs Faces Backlash Over Revenue Privatization Claims
