Crypto is down again, and the drop is chewing our portfolios as we see the rise in crypto liquidations and debate on Michael Burry and his Bitcoin comments. With crypto down across major assets and liquidations climbing, we are questioning why Bitcoin is falling even while traditional markets are up. What deepens the discussion is how often Michael Burry skepticism on Bitcoin comes during these volatility spikes, especially when crypto is down without any direct negative catalyst. As the crypto market abs ...

Bitcoin shed 5% in the past 24 hours, dragging Ethereum, XRP, and other altcoins down with it. The top crypto is now down over 21% in the past month, ending October on a negative note. Bitcoin plunged to an intraday low of $85,694 and is currently trading around $86,800, down 31% from its all-time high, according to CoinGecko data. Beta assets like Ethereum and XRP, which follow Bitcoin’s cues, have shed 5.6% and 6.5% respectively over the past day, highlighting the delicate situation among altcoins. As ...

Crypto Market Crash: $1B in Bitcoin, ETH, SOL & Top Altcoins Liquidated Ahead of Options Expiry — Source: CoinGape Today's crypto market crash wipes out a total of $1.35 trillion in market cap since October. Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL) and other top altcoins saw $1 billion in liquidations. $4.2 billion crypto options expiry could add further selling pressure in this bear market. Crypto market crash sees no signs of stopping, with $1.35 trillion in market cap wiped out since Oct ...

Core Insights - Bitcoin experienced a significant decline, dropping to just above $100,000 before a slight recovery to $101,000, driven by forced liquidations and macroeconomic concerns [1][5] - Over $2 billion in futures contracts were liquidated in the last 24 hours, with long traders suffering the majority of losses at $1.6 billion [1][2] Market Dynamics - Liquidations occur when traders using borrowed funds are forced to close positions due to margin requirements, leading to automatic sales on crypto futures exchanges [2] - The recent wave of liquidations is one of the largest since September, indicating fragile market positioning after volatile price movements [3] Price Movements - Bitcoin fell 5.5% in the past day and over 10% for the week, while Ether dropped 10% to $3,275, and other cryptocurrencies like Solana and BNB also saw declines [4] - The total cryptocurrency market capitalization decreased to approximately $3.5 trillion, marking its lowest level in over a month [4] Sentiment and Outlook - Risk-off sentiment in financial markets has affected a wide range of assets, including cryptocurrencies, stocks, and commodities [5] - Speculation regarding the Federal Open Market Committee's (FOMC) potential rate cuts and concerns over tariffs and credit market conditions have contributed to market declines [6] - Despite the volatility, analysts maintain a constructive long-term outlook for Bitcoin, viewing the $100,000 level as a significant psychological support [7] - The upcoming sessions will be critical in determining whether Bitcoin's recent bounce can lead to a sustained recovery or if further forced selling will occur [8]

Tuesday's crypto market bloodbath only got worse as the afternoon dragged on, with Bitcoin nearly touching the $99,000 mark, Ethereum falling to a four-month low, and total daily liquidations topping $2 billion. Bitcoin fell below the $100,000 mark on Tuesday for the first time in six months, then continued to dip lower after briefly rebounding. According to CoinGecko, BTC fell as low as $99,075 on Tuesday, with CoinMarketCap recording a bottom just below the $99,000 mark. It was recently trading hands f ...

In today's Markets Outlook, Round13 Capital Managing Partner and CIO, and Rails Co-Founder and CEO, Satraj Bambra unpacks the $19 billion liquidation cascade that rocked the crypto markets recently. Plus, he shares the major decision his fund made in response: going all-cash—a choice that runs counter to many Q4 bullish forecasts. ...

Core Insights - The cryptocurrency market experienced a significant downturn following U.S. President Donald Trump's threats of new trade tariffs on China, leading to widespread investor concern and a sharp decline in prices [1][2]. Market Performance - Bitcoin's price fell from over $121,000 in the morning to below $106,000 by the afternoon [2]. - Ethereum dropped from $4,300 to under $3,600, while altcoins like Dogecoin and Cardano saw daily dips of up to 40% before partially recovering [3]. Liquidation Events - A record $19 billion worth of crypto positions were liquidated within 24 hours, primarily affecting long positions, which accounted for nearly $17 billion [4][5]. - This liquidation event is noted as the largest in crypto history, with over 1.6 million traders affected [6]. Recovery and Current Status - Following the initial plunge, Bitcoin is currently down nearly 8% at just above $112,000, while Ethereum shows a 12% loss at $3,816 [7]. - Predictions indicate a continued volatile weekend for Bitcoin, with a 56% chance of further declines before Monday [8].

Core Insights - The crypto market experienced significant liquidations, with over $16 billion wiped out in long positions following U.S. President Trump's threat of 100% tariffs on Chinese imports, leading to a global risk-off sentiment [1][2][3] - Bitcoin and Ether saw notable price fluctuations, with Bitcoin recovering to $113,294 and Ether to $3,844 after a brief drop below $110,000, marking a 10% decline in 24 hours [2][3] - The total market capitalization of crypto fell to $3.87 trillion, with approximately $16.7 billion of the $19.1 billion in liquidations coming from long positions [3][4] Market Dynamics - The recent crash resulted in the largest volume of liquidations in the crypto market, surpassing previous significant events such as the FTX collapse in 2022 and the early COVID lockdowns, although the percentage impact is less significant due to market growth since 2022 [4][5] - CoinGlass reported $19.13 billion in liquidations, suggesting the actual total could be higher due to slower reporting from major exchanges like Binance [5][6] - The U.S. government shutdown has delayed key economic data releases, adding to trader anxiety amid renewed trade war rhetoric [6]

Imagine telling someone 10 years ago this headline:“The $9+ billion crypto liquidation, which is the largest in history, dropped Bitcoin’s price to $113,000.”We dreamed for days like this.We are going so much higher over time. ...