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Crypto Liquidations Hit $2.24B – What’s Next for Investors?

Over 730,000 traders were liquidated as crypto markets plunged. Ether led the sell-off, with analysts comparing the impact to the FTX collapse and COVID-19 crash.

Mass Liquidations Triggered by Market Turmoil

In the past 24 hours, the crypto market saw $2.24 billion in liquidations, driven by geopolitical tensions from a global tariff war. Ether (ETH) led the downturn, with liquidations totaling $618 million.

A staggering 730,000 traders faced losses, with the largest single liquidation occurring on Binance, where an ETH/BTC trade worth $25.6 million was wiped out, according to CoinGlass.

Exchanges See Heavy Liquidations

Binance accounted for 36.8% of all liquidations due to its large user base. Other major exchanges affected included OKX, Bybit, Gate.io, and HTX.

Liquidations on crypto exchanges. Source: CoinGlass

🚨 Key Takeaways:

  • Long positions suffered the most, with $1.88 billion lost (84% of total liquidations).
  • Traders were anticipating a bull run, but the market went the other way.
  • Bitcoin ETFs attracted $5 billion in January, signaling continued investor interest.

Geopolitical Tensions Crush Crypto Markets

The market sell-off intensified after former U.S. President Donald Trump announced new tariffs on China, Canada, and Mexico. The impact was severe, with top altcoins like ETH and Cardano losing double-digit percentages within an hour.

Joe Consorti, head of growth at Theya, compared this event to previous major crashes, stating:

Investor Sentiment Turns to Fear – Buying Opportunity?

According to Alternative.me, the crypto market sentiment now stands at “fear”. Historically, fear-driven markets have presented buying opportunities for investors willing to take risks.

With Bitcoin ETFs gaining traction, some believe the market could bounce back once the uncertainty clears. The question is: Will crypto investors see this as a chance to buy the dip?

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Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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