Crypto Meltdown Deepens: $90B Vanishes in an Hour as Traders Face $1.3B in Forced Liquidations

The crypto market has entered one of its steepest sell-offs in months, erasing over $90 billion in market value within just one hour and triggering more than $1.3 billion in liquidations as leveraged positions were wiped out across ￰0￱ Reading: Rare Chart Formation That Led To An 87% XRP Price Crash Has Resurfaced Bitcoin (BTC) plummeted below $105,000, extending a sharp correction that began late last week, while major altcoins such as Ethereum (ETH), Solana (SOL), and XRP followed suit with double-digit losses. BTC's price trends to the downside on the daily chart.) surged to over 100, its highest level since ￰1￱ noted that the move triggered technical selling as Bitcoin lost its critical $110,000 and $106,000 support ￰2￱ investors began offloading positions through ￰3￱ Bitcoin ETFs, amplifying the ￰4￱ Liquidations Wipe Out Over 300,000 Traders According to data from CoinGlass, total liquidations exceeded $1.37 billion in 24 hours, with long positions accounting for nearly 90% of the ￰5￱ led the way with over $396 million in liquidated assets, followed closely by Ethereum at $368 ￰6￱ largest single liquidation event occurred on HTX Exchange, where a $47.8 million BTC-USDT long position was closed ￰7￱ Crypto Fear and Greed Index has fallen to 21, deep in “Extreme Fear” ￰8￱ than 327,000 traders have been wiped out in the past day, a figure reminiscent of the October 11 flash crash, when 1.6 million traders faced similar ￰9￱ Bear the Brunt as Market Cap Sinks Altcoins faced heavier losses than Bitcoin amid thin liquidity and cascading sell ￰10￱ (SOL) dropped below $160, down 8%, while Ethereum slipped 5% to $3,500.

XRP and Cardano (ADA) also tumbled over 5.5%. The total crypto market cap has shrunk below $3.5 trillion, its lowest level since ￰11￱ Reading: From Greed To Terror: Bitcoin’s Fall Below $104K Sparks Extreme Fear Market analysts see the correction as a “healthy reset” after months of aggressive rallies. However, if Bitcoin breaks below the $100,000 psychological support, experts warn of an additional 5–8% downside across the broader ￰12￱ now, traders are bracing for heightened volatility as the crypto storm ￰13￱ image from ChatGPT, BTCUSD chart from Tradingview