Crypto market suffers $825 million in liquidations as altcoins fall.

• Crypto market liquidations exceed US$825 million in 24 hours.
• Bitcoin and Ethereum lead the losses among major cryptocurrencies.
• Fed interest rate cuts and leverage exacerbate volatility.

The cryptocurrency market faced one of the biggest waves of liquidations of the year on October 30th, with Total losses of US$825,4 million. Long positions accounted for 79% of the total, totaling US$656,7 million, while short positions accounted for US$168,9 million, according to data from global brokerages.

Bitcoin (BTC) was the most affected asset, with $310,3 million in liquidations of long positions, far exceeding the $59,2 million recorded in short positions. Ethereum (ETH) also suffered a sharp correction, accumulating $2,4 million in liquidations in just one hour, followed by altcoins such as Solana (SOL), XRP, and Dogecoin (DOGE).

With the increase in liquidations, the total crypto market capitalization fell 1,6%, settling at US$3,8 trillion, while the daily trading volume reached US$192 billion. Bitcoin retreated 2,4%, trading near US$110.000, while Ethereum fell 2,5%, to around US$3.899.

Even with the recent launch of new cryptocurrency ETFs, such as the Bitwise Solana Staking ETF and the Grayscale Solana Staking ETF, initial optimism has waned. Solana, which had surpassed $201, retreated to $190, while XRP fell 3,5%, trading at $2,56. Smaller altcoins, such as Pi Network and Aster, also registered declines of 2,1% and 5%, respectively.

According to analysts, the decline was fueled by three main factors: the impact of the 0,25% interest rate cut announced by the Federal Reserve, reduced global liquidity, and excessive leverage in the derivatives market. Many traders adopted the "buy the rumor, sell the news" strategy, which triggered selling pressure after the Fed's decision.

With a large portion of the trading leveraged, the decline in prices triggered waves of automatic liquidation, amplifying losses and pushing the crypto market into a new round of widespread corrections, affecting both large-cap assets and emerging altcoins.