Bitcoin and Ethereum Suffer Major Losses in Record $2.6B Liquidation Crisis

Written by Emily J. Thompson, Senior Investment Analyst

Source: stocktwits

Updated: 3d ago

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Should l Buy ?

Source: stocktwits

Bitcoin Market Activity: Bitcoin's price has dropped to around $65,000, triggering a significant $2.6 billion in market-wide liquidations, primarily affecting long positions across major cryptocurrencies like Ethereum.
Ethereum and Altcoin Performance: Ethereum's value fell to approximately $1,910, with a 10.33% decrease over 24 hours, while altcoins like Solana and XRP also experienced substantial losses, contributing to a broader market downturn.
Market Sentiment and Volatility: Retail sentiment around Bitcoin remains extremely bearish, while Ethereum sentiment has shifted from bearish to neutral, indicating mixed investor confidence amid rising volatility.
Liquidation Events: The recent sell-off has been marked as one of the largest liquidation events in history, with Bitcoin and Ethereum experiencing the hardest hits, as traders react to changing market dynamics and options-driven volatility.

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About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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