📉 Bitcoin, Ethereum, XRP Tumble as $500M+ Liquidations Shake Market

The crypto market remains under heavy pressure, with Bitcoin (BTC), Ethereum (ETH), and XRP leading today’s declines. Bitcoin dropped below $115K, Ethereum slid toward $2,400, and XRP fell to $0.62—all amid over $500 million in liquidations across the market.

This wave of losses follows yesterday’s $106M liquidation spike, confirming persistent volatility and over-leveraged trading. Bitcoin’s failure to hold above its 50-day EMA raises concerns of further downside if support at $114K breaks. Ethereum is also struggling as DeFi-related liquidations mount, while XRP continues to face legal and regulatory uncertainties that weigh on investor sentiment.

Despite bearish momentum, analysts note that liquidation cascades often reset leverage, paving the way for more sustainable rebounds. Long-term holders remain relatively unfazed, with on-chain data showing accumulation wallets increasing their BTC positions. Still, short-term traders should brace for heightened volatility, particularly if global markets mirror Wall Street’s recent risk-off stance.

The coming days will be crucial. A bounce above $118K for BTC and $2,500 for ETH could restore bullish confidence, while further breakdowns may drag the market into a deeper correction phase. XRP, meanwhile, remains the most vulnerable of the three, with a potential slide toward $0.55 if selling pressure persists.

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📊 Market Liquidation Snapshot

Coin Current Price 24H Change Liquidations

BTC $114,800 -3.5% $280M

ETH $2,390 -4.1% $150M

XRP $0.62 -5.6% $70M

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