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>>A further $438 million in crypto long positions vanished as Bitcoin and altcoins pulled back.

A further $438 million in crypto long positions vanished as Bitcoin and altcoins pulled back.

crypthub

about 9 hours ago

Market Liquidity Crisis

Crypto derivatives exchanges recorded over $500 million in liquidations within 24 hours. Long contracts dominated, accounting for $438 million (86 %) after Bitcoin fell from $67,700 to $64,300. Short positions were also hit, totaling $69 million in liquidations.

Bitcoin’s Dominance

Bitcoin contributed the largest share, with $233 million of contracts liquidated. Heatmaps show other coins added far less to the total. The cryptocurrency now trades around $66,300, down roughly 5 % over the past week.

Open Interest Collapse

Santiment data indicates Bitcoin open interest dropped to $19.5 billion, about half the January peak of $38.3 billion. The decline reflects massive liquidations and a pullback from risk‑on positions. Reduced open interest signals a contraction in leveraged exposure.

Sentiment Shift

Negative sentiment on major social platforms surged to a two‑week high, suggesting growing FUD among retail traders. The sentiment spike aligned with the price drop and liquidation wave. Investors appear increasingly cautious amid the volatility.

A further $438 million in crypto long positions vanished as Bitcoin and altcoins pulled back.

Market Liquidity Crisis

Bitcoin’s Dominance

Open Interest Collapse

Sentiment Shift

A further $438 million in crypto long positions vanished as Bitcoin and altcoins pulled back.