Crypto market capitalization is down 8% on the day, plunging below $3.1 trillion on Feb. 25 following a wipeout of almost $200 billion in 24 hours.<\/p>\n
This is the lowest markets have been since mid-November, obliterating almost all gains since Donald Trump\u2019s election victory.<\/p>\n
Total cap is now teetering on longer-term support levels, and a fall below $3 trillion will see these levels broken and a potential end to the bull market.<\/p>\n
Coinglass reported<\/a> that more than 314,000 traders have been liquidated over the past 24 hours to the tune of almost a billion dollars.\u00a0Over 90% of the liquidations were in long positions and the largest single liquidation order happened on BitMEX with $10 million worth of Bitcoin.<\/p>\n Bitcoin dumped more than 5% in a matter of hours, falling from $96,000 to $91,000, its lowest level since mid-January. At the time of writing it appeared to have found support there and reclaimed $91,500 during the Tuesday morning Asian trading session.<\/p>\n Ethereum lost around 10%, falling back below $2,500. However, it is showing little signs of a recovery bounce<\/a>.<\/p>\n The Altcoins have been obliterated<\/a> with double-digit losses for Solana (SOL), which is now down more than 50% in a little over a month following the meme coin bubble<\/a> bursting.\u00a0Chainlink (LINK), Avalanche (Avax), Sui (SUI), and Hyperliquid (HYPE) were also in double-digit losses this morning.<\/p>\n Analysts are generally unfazed, having seen this market behavior many times before.<\/p>\n Prepare for both scenarios, well in advance.<\/p>\n If you\u2019re caught by this move, feeling unsure about what to do, it means you didn\u2019t have a plan.<\/p>\n Low $90ks is the first leg of my plan, and the air-pocket below $86k is the second.<\/p>\n Higher eventually, have a plan for that too.<\/p>\n \u2014 _Checkmate (@_Checkmatey_) February 25, 2025<\/a><\/p>\n\n The Bitcoin Fear & Greed Index has plunged<\/a> to its lowest level since September, hitting \u201cextreme fear\u201d at 25 on Tuesday, following neutral readings for the past week or so.<\/p>\n On the upside, there have been several similar market meltdowns in recent months, including a 7.5% crash on Dec. 9, a 10% meltdown on Dec. 19, a 7.5% slump on Jan. 7, and an 8% dump on Feb. 2, which markets never recovered from.<\/p>\n Macro investor Raoul Pal pointed out that these massive pullbacks have happened in previous cycles and are perfectly normal.<\/p>\n You guys all need to learn patience\u2026<\/p>\n This was 2017. Very similar macro structure:<\/p>\n 5 x 28%+ pullbacks in BTC Go do something else more constructive than stare at the screen. pic.twitter.com\/jGyiOgKlYE<\/a><\/p>\n \u2014 Raoul Pal (@RaoulGMI) February 24, 2025<\/a><\/p>\n\n The post $200 Billion Exits Crypto Space as Markets Plunge to Support<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Crypto market capitalization is down 8% on the day, plunging below $3.1 trillion on Feb. 25 following a wipeout of almost $200 billion in 24 hours. This is the lowest markets have been since mid-November, obliterating almost all gains since Donald Trump\u2019s election victory. Total cap is now teetering on longer-term support levels, and a […]<\/p>\n","protected":false},"author":0,"featured_media":47491,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47490"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47490"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/47491"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Fear and Greed<\/h2>\n
\nMost lasted 2 to 3 months before a new high
\nAlts saw 65% corrections.
\nAll were noise.<\/p>\n