As Bitcoin slipped below $76,000, Ethereum’s daily loss exceeded 7%, and roughly $819 million in bullish positions were liquidated across the crypto market in four hours.
According to Binance data cited by Wu Blockchain, Bitcoin was trading at $75,695.68, down 5.97% at the time of the post. BTC, which fell as low as $75,568 during the day, was joined by Ethereum in the decline.
Ethereum (ETH) fell 7.29% to $2,247.74, with an intraday low of $2,236.78. The sharp sell-offs in the two largest cryptocurrencies also led to heavy losses in leveraged positions.
Bulls account for 93% of liquidations in four hours
According to CoinGlass data, a total of $879.92 million in positions were liquidated over the past four hours. Of that amount, $818.90 million came from longs, or positions opened in expectation that prices would rise. Liquidations of bearish short positions totaled $61.02 million.
This breakdown shows that about 93% of liquidations over the four-hour period involved trades betting on a rise. As prices fell, leveraged positions with insufficient collateral were forcibly closed.
Daily liquidation bill exceeds $1 billion
Total liquidations over the past 24 hours reached $1.03 billion, affecting 198,192 investors. The largest single liquidation was a $10.94 million position in Binance’s ETHUSDT trading pair.
Sharp sell-off also hits U.S. stocks
U.S. indexes also posted notable losses over the same period. The Nasdaq Composite fell 5.10%, the S&P 500 fell 3.43%, and the Dow Jones Industrial Average fell 2.41%. These are intraday figures, not closing results.
Wu Blockchain listed among the concerns being watched by the market expectations that AI regulations could tighten after Democrats won both chambers of Congress and plans to scrutinize the Trump family’s business activities, including its crypto ventures. These political developments featured among the issues being monitored as crypto and stock markets sold off.
Not investment advice.
