Crypto markets bleed further as weekend liquidations ripple through

The crypto market is still reeling after this weekend’s massive ￰0￱ Tuesday morning in London, Bitcoin dropped 2.9%, landing near $112,500, while Ether took an even harder hit, down over 5%, sitting just above $4,000, according to data from ￰1￱ slump followed an already chaotic weekend, where a staggering $19 billion in leveraged positions vanished from the ￰2￱ crash started back on October 10, after Donald Trump threatened China with new tariffs in response to their export ￰3￱ didn’t sit ￰4￱ retaliation, China slapped restrictions on ￰5￱ of Hanwha Ocean Co., a major South Korean ￰6￱ move piled onto the pressure already dragging down crypto ￰7￱ was a brief bounce on Monday, but it didn’t ￰8￱ every major token has since resumed its downward spiral, with the market looking ￰9￱ top of the losses, ￰10￱ and Ether ETFs got gutted; investors yanked out $756 million on Monday alone.

That’s a big sign that traders are getting ￰11￱ firm Glassnode described what’s next as a “consolidation phase” marked by “renewed caution, selective risk-taking, and a more measured rebuilding of confidence across both spot and derivatives markets.” Altcoin market gets wrecked in full view of traders It wasn’t just Bitcoin and Ether that got ￰12￱ altcoin world ￰13￱ so-called “casino” of meme tokens, hype coins, and barely-liquid projects went up in ￰14￱ ones promising ridiculous gains with zero substance got hit the ￰15￱ at Arca said, “If you’re a fully on-chain crypto degenerate trader, however, you witnessed armageddon.” That’s not an ￰16￱ of these altcoins had no real liquidity, but they had grown into a big chunk of the ￰17￱ in July, Bitcoin dominated with nearly 65% of the total crypto market cap.

Now, that number is down to 58.5%, per ￰18￱ says that kind of drop in Bitcoin dominance usually happens just before a big ￰19￱ happened in ￰20￱ in ￰21￱ looks like another ￰22￱ expect a long freeze for smaller ￰23￱ problem? Most of them weren’t even doing well before this collapse. “The problem with alt coins is, yes, they can go up more,” said Morten Christensen, the founder of AirdropAlert. “But they can go -50% in a day or -90% in a week.

I am not going to play that game with my portfolio late in the cycle when the odds keep increasing that the end is here.” Trump memecoin tanks as market looks for direction Some of the biggest losers this year have been the ones that rode into the spotlight on buzz and ￰24￱ Trump memecoin, which launched in January, has now lost nearly 78% of its ￰25￱ of that came before the weekend ￰26￱ one (XRP, still ranked as the fifth-biggest crypto) is back where it started in ￰27￱ ￰28￱ pain. A few coins did manage to stay green for the ￰29￱ , which is tied to Binance, is up 81% so far in ￰30￱ that doesn’t mean it’s all good news. “These assets in particular have been subject to a considerable amount of risk, as we saw this weekend,” said John Todaro, analyst at Needham & Co.

“Yet they’ve been underperforming large-cap crypto assets, equities and ￰31￱ short, taking on significantly more risk for what has been less reward.” Join a premium crypto trading community free for 30 days - normally $100/mo.