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Crypto Market Sees $1.35 Billion Liquidation in 24 Hours

Solomon M. by Solomon M.
April 7, 2025
in Latest News
Key Takeaways:

  • Whale activities intensified a $1.35 billion market liquidation.
  • MakerDAO’s $106 million ETH sell-off increased pressure.
  • BTC and ETH saw 3% to 14% declines respectively.

crypto-market-sees-1-35-billion-liquidation-in-24-hours
Crypto Market Sees $1.35 Billion Liquidation in 24 Hours

A sharp downturn saw the cryptocurrency market liquidate over $1.35 billion within 24 hours, intensifying concerns among traders.

Market Liquidation Activity

The cryptocurrency market experienced intense liquidation activity, with over $1.35 billion wiped out in a single day. This downturn follows large whale transactions, notably involving MakerDAO’s $106 million Ethereum liquidation, which contributed to heightened sell pressure.

Key market players, including the now-defunct Mt. Gox, moved substantial assets, transferring 12,000 BTC worth approximately $1 billion. These movements added uncertainty, impacting Bitcoin, Ethereum, and several altcoins.

Market repercussions were widespread, affecting investors and exchanges. Major tokens like Bitcoin dropped to $75,148, Ethereum fell to $1,450, and altcoins including Solana and Dogecoin saw significant declines. Volatility surged, with Bitcoin’s trading volume rising to $54.48 billion. As analysts observed, “Bitcoin’s trading volume surged to $54.48 billion, reflecting heightened volatility.”

The financial landscape reacted sharply, with price declines prompting a migration towards safe-haven assets like gold. No official responses from regulators were recorded amid growing concerns over market volatility.

Historical patterns indicate that leveraged trading often triggers such severe liquidations. Past corrections exhibit parallels, suggesting recovery may take time while macroeconomic pressures persist.

Impact and Speculation

Despite lack of immediate regulatory action, the event highlights potential outcomes for financial and technological stakeholders. Ben Zhou, CEO of Bybit, emphasizes the impact of large liquidation events, stating, “The need for transparency in reporting liquidation data is crucial.”

Historical trends suggest leverage poses significant risks during heightened market volatility.

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Crypto Market Sees $1.35 Billion Liquidation in 24 Hours

Solomon M.

Solomon M.

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