The cryptocurrency market witnessed a brutal sell-off, with over $2.23 billion in liquidations as Bitcoin and Ethereum crashed amid rising geopolitical concerns.
📉 Bitcoin (BTC) fell 6.5% to $92,500 before recovering slightly.
📉 Ethereum (ETH) plunged 20%, breaking below its key $2,750 support level.
📉 Overall crypto market cap shrank by 10%, hitting $3.07 trillion.
This turbulence came after U.S. President Donald Trump’s announcement of new import tariffs, triggering a broad risk-off sentiment across global markets.
Mass Liquidations Wipe Out Traders
According to CoinGlass data, 730,836 traders were liquidated in the past 24 hours.
💀 Total liquidations: $2.23 billion
💀 Long positions wiped out: $1.88 billion
💀 Short liquidations: $358 million
The largest single liquidation occurred on Binance, where an ETH/BTC trade worth $25.64 million was forcibly closed.
Liquidations occur when traders fail to maintain sufficient collateral, forcing exchanges to close their positions at a loss.
⚠ Market sentiment has flipped to extreme fear, raising concerns of further sell-offs.
Bitcoin’s Bearish Indicators: $90K Next?
📉 BTC’s RSI (Relative Strength Index) is at 21.21, deep in oversold territory.
📉 MACD (Moving Average Convergence Divergence) shows strong bearish momentum.
📉 Support: $92,500, failure to hold could lead to $90,000 or lower.
🔮 Derive.xyz options data:
- 22% probability of BTC dropping to $75,000 by March.
- Resistance at $96,000, with key rejection near $98,500.
Bitcoin must clear $98,500 to reverse the bearish trend and regain bullish momentum.
Ethereum Faces Even Steeper Decline
💥 ETH nosedived 20%, now trading at $2,520.
💥 Lost its $2,750 support, sparking panic selling.
💥 Potential support: $2,400, with $2,000 as a worst-case scenario.
With altcoins following ETH’s downward spiral, the crypto market remains under heavy pressure.
Fear Spikes as Market Sentiment Turns Bearish
📊 Crypto Fear & Greed Index: Flipped to 44 (Fear), a sharp reversal from last weekend’s Greed level.
📣 Analysts urge investors to stay calm—some believe this could be a prime “buy-the-dip” opportunity.
But with liquidations still unfolding, the market remains in a fragile state.
Final Thoughts
The crypto market is experiencing one of its worst crashes in months, triggered by macro uncertainty and forced liquidations.
📌 Short-term outlook: Bearish unless BTC reclaims $98,500.
📌 Long-term investors: Watching for opportunities amid market panic.
For now, traders should brace for further volatility as the market digests Trump’s tariff policies and global risk sentiment.
