The crypto market failed to show any major corrections in the entire 1st quarter of 2025, yet in the past 24 hours the market cap has shown an addition of around 7 to 8 percent  and now the cap is near to the mark of $3 trillion. 

Source: TradingView

With bulls coming in action, the cap has succeeded in surpassing its 20, 50, 100 and 200 days exponential, yet the sudden growth has initiated a major liquidation in the market with cryptos like Bitcoin and Ethereum mirroring a liquidation of hundreds of millions. 

According to data from TradingView the market cap is up by 11.02% in a week and added 4.41% in the past 30 days, but despite this spike the cap is still in a loss of 9.38% in the year to date time frame.

Sudden spikes initiated liquidation in the wider crypto market 

As per the data available on CoinGlass, total liquidation in Bitcoin in the past 24 hours is $321.41 million, in 12 hours frame, the liquidated amount is $40.04 million, in 4-hour frame, the liquidated amount from BTC is $13.10 million. 

Source: CoinGlass

And in the frame of 24 hours, a major rush among the holders of Ethereum has been observed with intraday liquidity in Ether reaching $134.53 million, in 12 hours, ETH’s liquidity is $40.03 million, and in a  4-hour frame liquidated amount is $7.33 million.

Source: CoinGlass

Market watchers argue that the correction in the prices of Ethereum after a few weeks has sparked a selloff as the traders invested heavily in the bull run have been pulling their support to safeguard their base investment.

The data also notes that the overall liquidation in the crypto market in the past 24 hours is $658.54 million from which $268.88 million has been liquidated from Bybit, followed by Binance with a liquidation of $131.75 million, Gate(dot)io $86.02 million, HTX $75.89 million, CoinEX saw a liquidation of $13.20 million and Bitmex has $1.50 million.

Source: CoinGlass

Also the Bitcoin ETF category has reflected a major inflow and as per CoinGlass total inflow in BTC ETF category on April 21, 2025 was $381.30 million and the inflow reached $912.70 million on April 22nd. 

With the positivity in the Bitcoin ETFs, iShare Bitcoin Trust added 2113.5526 BTC’s in the past 24 hours and in the past 7 days it boosted its holdings by 3908.978 BTC. Similarly Fidelity Wise Origin Bitcoin Fund added 4261.498 BTC in 24 hours and in a week it added 9010.1392 new Bitcoins.

Also, a slight correction has been observed in the Ethereum spot ETF category as its inflow was $38.80 million on April 22, 2025, majorly contributed by ETHW by Bitwise and FETH by Fidelity.

It is crucial to note that the Ether spot ETF is still struggling as it has heavily failed to meet the expectations of the experts and analysts.