
{"id":57228,"date":"2025-04-07T03:20:48","date_gmt":"2025-04-07T03:20:48","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=57228"},"modified":"2025-04-07T03:20:48","modified_gmt":"2025-04-07T03:20:48","slug":"crypto-liquidations-eye-1-billion-amid-market-wide-crash","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=57228","title":{"rendered":"Crypto Liquidations Eye $1 Billion Amid Market-Wide Crash"},"content":{"rendered":"<p>Bitcoin\u2019s price nosedived by six grand in the past day as markets anticipate a highly bloody Monday trading session in traditional finance.<\/p>\n<p>The altcoins have it worse, with even more painful declines. The total liquidations have skyrocketed to $900 million on a daily scale.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTCUSD-6.png\"><\/a>BTCUSD. Source: TradingView<\/p>\n<p>It was just several days ago, on Wednesday, when BTC\u2019s price shot up to over $88,000 for the first time in a week. However, things change fast in today\u2019s financial landscape, and Trump\u2019s Trade War, which he labeled as \u2018Liberation Day,\u2019 pushed all markets south hard.<\/p>\n<p>Bitcoin dropped to $81,200 on a couple of occasions in the following days but managed to recover some ground <a href=\"https:\/\/cryptopotato.com\/pi-networks-price-skyrockets-by-40-daily-as-bitcoin-maintains-83k-weekend-watch\/\">ahead<\/a> of the weekend, and even <a href=\"https:\/\/cryptopotato.com\/trump-tariffs-day-4-sp-500-closes-worst-week-since-covid-tech-giants-bleed\/\">decoupled<\/a> from Wall Street on Friday.<\/p>\n<p>However, being a 24\/7 tradable asset has its downturns, and investors have initiated another sell-off over the weekend in <a href=\"https:\/\/cryptopotato.com\/bitcoin-price-crashes-below-80k-in-anticipation-of-bloody-monday-open-for-stock-markets\/\">anticipation<\/a> of another painful Monday trading session.<\/p>\n<p>BTC stood around $83,000-$84,000 during most of the weekend but nosedived on Sunday evening and during the Monday Asian trading session. Its bottom, at least for now, came at $77,000, which became a monthly low.<\/p>\n<p>The altcoins have plunged a lot harder. The <a href=\"https:\/\/cryptopotato.com\/what-bull-run-ethereum-eth-posted-4-straight-months-of-losses\/\">largest of the bunch<\/a>, for instance, dumped to just over $1,500 \u2013 the lowest price tag since October 2023.<\/p>\n<p>XRP has declined by 12% on a daily scale, and has slumped below the coveted $2 support line, which some analysts <a href=\"https:\/\/cryptopotato.com\/binance-traders-bet-big-on-xrp-and-ada-should-you-be-worried\/\">believe<\/a> could lead to a drop to $1.2\/3.<\/p>\n<p>Double-digit price drops are evident from most larger-cap alts, including LTC, SUI, TRUMP, DOGE, and many others.<\/p>\n<p>The total liquidations for the past 24 hours have skyrocketed to over $900 million, according to CoinGlass. Nearly 300,000 traders have been wrecked within the same period, with the single-largest liquidated positions worth over $16 million.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-07-061658.png\"><\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/crypto-liquidations-eye-1-billion-amid-market-wide-crash\/\">Crypto Liquidations Eye $1 Billion Amid Market-Wide Crash<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s price nosedived by six grand in the past day as markets anticipate a highly bloody Monday trading session in traditional finance. The altcoins have it worse, with even more painful declines. The total liquidations have skyrocketed to $900 million on a daily scale. BTCUSD. Source: TradingView It was just several days ago, on Wednesday, [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":57229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57228","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\/57228"}],"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=57228"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57228\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/57229"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}