The crypto market He faced another round of heavy settlements, with $ 751.15 million (₱ 43.2 billion) annihilated in the last 24 hours as Bitcoin and Ethereum extended their decreases. Almost 256,000 merchants were settled, with a Bitcoin position of $ 5.07 million in bitmex that marks the largest liquidation.
Quick Take offers key data quickly: concentrate, clear and easy to read. Perfect for occupied readers.
Key settlement figures (last 24 hours):
- Total settlements: $ 751.15m
- LIQUIDATED LONGS: $ 566.03M
- Liquidated shorts: $ 185.12m
- Merchants liquidated: 255,747
Upper Liquidation Assets:
- Ethereum (eth): $ 1.44m
- Bitcoin (BTC): $ 1.15m
- Solana (Sun): $ 749.91K
- Rare: $ 579.58k
- XRP: $ 166.77k
The ETH price drop triggers defi settlement risks
Ethereum’s acute fall below $ 1,900 has created Instability in the Decentralized Finance Market (DEFI), where ETH serves as a guarantee for loans.
- An important loan backed by ETH of $ 130 million in Sky (previously manufacturer) is at risk of liquidation despite additional collateral deposits.
More than $ 366 million in defi loans They are vulnerableEa the liquidation if eth continues to decrease, which potentially triggers an additional sale.
Arthur Hayes warns of Bitcoin’s ‘violent’ fall at $ 75K
Bitcoin price It has fallen more than 14% in a week, with the co -founder of Bitmex, Arthur Hayes, warning of an additional accident to $ 75,000 due to the worsening of the feeling of the market.
Hayes key predictions:
- Bitcoin could fall to $ 75K in a “violent” movement.
- The open interest in options markets suggests a greater inconvenience.
- The Trump Bitcoin Reserve announcement failed to maintain market optimism.
Trump’s commercial policies and investors of the cryptographic summit
Market concerns They have also been fed by the commercial war escalation of President Donald Trump, with new tariffs on Canada, Mexico and China disturbing investors. (Read more: Rates: What is and how will the adoption of cryptography affect?)
Although the administration confirmed a US Bitcoin reserve. UU., Will only include BTC seized of criminal cases instead of newly acquired assets.
- This disappointed merchants who expected the purchases of the Bitcoin government to support the market.
What follows? Merchants are closely observing liquidation levels and macroeconomic developments.
This article is published in bitpins: Quick Take: Bitcoin and Ether Drop Sparks ₱ 43.2b in liquidations as market agitation continues
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