May 24 2025

Bitcoin (BTC) Liquidations:

• BTC has seen a total of approximately $139.44 million in liquidations over the past 24 hours, with long positions accounting for $113.62 million and short positions for $25.82 million. 

• A notable event involves trader James Wynn Real, who closed long positions in Ethereum (ETH) and Sui (SUI), incurring a loss of about $5.3 million. Subsequently, he initiated a substantial BTC long position worth $1.19 billion at an average entry price near $108,500. This position faces a liquidation threshold at $104,820, with current unrealized losses exceeding $20 million. 

Altcoin Liquidations:

• Ethereum (ETH) experienced liquidations totaling $137.67 million, predominantly from long positions, which accounted for $100.74 million. 

• XRP also faced significant liquidations, with a total of $11.38 million wiped out, including $10.47 million from long positions. 

Market Context:

The broader market downturn is influenced by geopolitical developments, notably U.S. President Donald Trump’s announcement of a 50% tariff on all European Union imports and a 25% levy on imported Apple iPhones. These measures have contributed to market uncertainty, affecting both traditional and crypto markets. 

Currently, Bitcoin is trading around $108,151, reflecting a decline of approximately 2.5% from the previous day. The market remains sensitive to further developments, and traders are advised to monitor key support levels and market indicators closely.