Crypto Landscape Witnesses Significant Liquidations While Volatility Spikes

The crypto sector has recently gone through notable liquidations, as disclosed by the latest market insights. The data reveals that the cumulative market liquidations have reached $580M, including the prominent crypto assets like Bitcoin ($BTC) and Ethereum ($ETH). Apart from that, over the weekend, $BTC has also experienced a considerable price decline.

$BTC and $ETH See $134M and $95.41M in Liquidations Over 24 Hours

In line with the exclusive market data, Bitcoin ($BTC) has recorded $134M in terms of long liquidations. Apart from that, on Saturday, the flagship crypto asset plunged to the $103K mark before a gradual uptick. At the moment, Bitcoin ($BTC) is changing hands at $104,728.74, indicating a 0.92% price increase over past 24 hours. On the other hand, the weekly price performance of Bitcoin ($BTC) underscores a 3.23% decrease. Similarly, Bitcoin’s 24-hour volume reportedly accounts for a 38.25% plunge.

In the same vein, the altcoin sector has also witnessed substantial liquidations. Particularly, the top altcoin Ethereum ($ETH) saw a staggering amount of almost $95.41M in long liquidations. At present, its price is hovering around $2,524.91, underscoring a 0.09% surge over 24 hours. Just like Bitcoin, Ethereum also went through a huge dip to $2,484.21 on Saturday.

$SOL, $XRP, $SUI, and $DOGE also Express Massive Liquidations Over Weekend

The other notable cryptocurrencies experiencing liquidations include Solana ($SOL), Ripple ($XRP), Sui ($SUI), and Dogecoin ($DOGE). Hence, $ETH and $SOL account for $95.41M and $37.70M in liquidations when it comes to long positions. Additionally, $SUI and $DOGE have seen $17.09M and $21.76M in long liquidations.

Keeping these liquidations in view, there is a possibility for the crypto market to remain volatile in the coming days. Moreover, the large-scale sell-offs normally lead to additional price adjustments. In the meantime, the investor confidence is going through a gradual recovery. It is crucial for traders who are carefully leveraging the ongoing conditions in the crypto market.