Bitcoin News Update: With $1.2 Billion in Liquidations Impacting the Crypto Market, Investors Increase Their Long Positions
- Crypto market saw $1.2B in liquidations as Bitcoin and Ethereum dropped sharply, triggering massive losses for long positions. - High-profile traders like 0xc2a3 and Machi Big Brother suffered $33M+ losses, while others doubled down on $55M BTC/ETH longs. - Macroeconomic factors (Fed caution) and a $70.9M Balancer exploit worsened volatility, exposing market fragility amid thin order books. - Despite 2.7% BTC declines and Fear & Greed Index at 34, institutional Ethereum buys and AI-driven mining optimism
The crypto market underwent a turbulent day, with liquidations surpassing $1.2 billion as
This sudden downturn caught several prominent traders by surprise. Lookonchain, which tracks smart money, observed that trader 0xc2a3—who previously maintained a perfect win record—incurred losses in
Macroeconomic pressures intensified the selloff. The Coinbase Bitcoin Premium Index, which tracks arbitrage opportunities, hovered near -$30 during the crash, suggesting significant selling from U.S. investors, according to FXStreet. Analysts also cited the Federal Reserve's cautious approach, with Chair Jerome Powell downplaying the likelihood of a rate cut in December, as reported by
Ethereum was hit hard as well, with $112.8 million in liquidations amid the broader market slide, according to
The market's vulnerability was further highlighted by a $70.9 million exploit targeting the
This wave of liquidations continues a trend of extreme volatility. On October 10, nearly $20 billion in liquidations occurred, and October 30 saw over $1 billion in forced closures, FXStreet reported. Bitcoin is currently trading at $107,000, reflecting a 2.7% decrease in the past day, while the Fear and Greed Index dropped to 34, indicating widespread anxiety, according to Incrypted.
Despite the recent chaos, there are still signs of optimism. Bernstein analysts pointed out that Bitcoin miners could benefit from increased demand for AI data centers, leading to higher price targets, Incrypted reported. Meanwhile, BitMine's $300 million Ethereum purchase demonstrates continued institutional faith in crypto assets, TradingView noted.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
KITE Token: Steering AI-Powered Altcoin Integration Amid a Divided Cryptocurrency Environment
- KuCoin prioritizes AI-driven tokens in 2025, listing PLAI and UAI while incentivizing liquidity through gamified campaigns. - KITE token gains traction via BingX pre-listing incentives and EVM-compatible blockchain for sub-cent AI agent transactions. - Retail investors drive KITE's $929M valuation despite volatility, contrasting institutional caution amid regulatory and macroeconomic uncertainties. - Agentic economy competition intensifies as KITE targets agent-aware governance, facing challenges from es
DASH Aster DEX: Could This Be the Upcoming Breakthrough in On-Chain Trading?
- Aster DEX merges AMM and CEX models for improved usability, targeting both retail and institutional traders. - Backed by Binance's ecosystem and CZ endorsements, it achieved top-50 crypto status via aggressive airdrops and CMC campaigns. - Hidden orders and AI-driven liquidity optimization drive growth, but regulatory risks and token supply concerns threaten sustainability. - With $27.7B daily volume and 2,200% token price surge, Aster challenges DeFi norms but faces competition from Hyperliquid and cent
Bitcoin News Update: Short-Term Holders Increase Holdings While Long-Term Holders Realize Gains—$100K Becomes Key Level
- Bitcoin fell below $100,000 as Coinbase premium hit a seven-month low, reflecting weak U.S. demand and ETF outflows. - On-chain data shows short-term holders (STHs) accumulating Bitcoin while long-term holders (LTHs) moved 363,000 BTC to STHs, signaling mixed market dynamics. - Analysts highlight a "mid-bull phase" with STHs absorbing selling pressure, and a $113,000 support level critical for potential rallies to $160,000–$200,000 by late 2025. - The Fear and Greed Index entered "Extreme Fear," and exch
Bitcoin Update: Large Holders Depart and Economic Instability Push Bitcoin Under $100K
- Bitcoin fell below $100,000 as OG whales BitcoinOG and Owen Gunden moved $1.8B BTC to exchanges, signaling bearish bets. - $260M in long positions liquidated amid SOPR spikes, while Trump's crypto policies and China's $20.7B BTC holdings added macro risks. - Bit Digital staked 86% of ETH holdings for 2.93% yield, while Coinbase's negative premium highlighted waning U.S. buyer demand. - Analysts warn consolidation phases often follow whale profit-taking, with geopolitical tensions and derivatives volatili
Trending news
MoreCrypto prices
More
