Crypto Bloodbath: $980M Liquidated as BTC & Alts Dive Who Survives the Washout? 💀
🧊 What Just Happened? Is This the Perfect Dip?
🧨 Massive Liquidations
1. Over $980M in crypto futures blew up in the past 24 hours mostly long positions triggered by sharp BTC dips from $109K–$110K down to $105K–$106K blockchain.news fingerlakes1.com decrypt.co fingerlakes1.com cointelegraph.com.
2. A staggering 182% liquidation imbalance hit XRP, hitting long holders hard $4.39M wiped vs. $1.55M in shorts fingerlakes1.com.
3. Even Bitcoin saw $3.55M in liquidations in an hour, signalling on chain turmoil u.today.
⚠️ Trigger Events
1. A sudden 4-5% BTC drop ignited margin calls across major exchanges like Binance and Bybit cryptotimes.io blockchain.news coindesk.com.
2. A “fakeout” after a cool CPI report caused an initial rally followed by a brutal reversal algos and leverage turned that into a plunge fingerlakes1.com.
3. The public spat between Trump and Musk fueled risk-off sentiment, compounding liquidations across BTC, ETH, XRP, DOGE coingape.com binance.com cointelegraph.com.
🕯️ What It Means
1. This washout could clean the decks, wiping out weak hands and setting the stage for a rebound.
2. But until liquidity returns, markets may stay volatile.
3. Keep eyes on BTC’s key support ($102K–105K) and XRP’s $2.05–$2.07 range these will define the recovery zone.
💋 Quick Strategy Thought
If BTC stabilizes above $106K, that may signal a low risk bounce.
For XRP, clearing the liquidation imbalance could pave the way for a move back to $1,55–$1.75.
