Bitcoin Stalls, Triggers $260M Crypto Bloodbath—Traders Left Holding the Bag

BTC’s bull run hits a wall—liquidations surge as leverage gets wrecked. The ’hedge against inflation’ narrative takes another gut punch while Wall Street quietly reloads short positions.

Market wipeout exposes crypto’s dirty secret: 90% of traders are just gambling with margin they can’t afford to lose. But hey, at least the exchanges made bank on fees.

Bybit, the second-largest crypto exchange by trading volume, led in 4-hour liquidation with $111.12 million, particularly for long positions, followed closely by Binance, OKX, and Gate.io. 

4-Hour Liquidation from Exchanges — Source: CoinGlass 

Bitcoin Loses Momentum

While briefly touching the $106K mark earlier today, Bitcoin dipped as low as $100,833, down nearly 5.8%, signaling a slowdown in its upward trajectory. With this dip now, the market sentiment has grown cautious, as some experts warn that Bitcoin’s bullish run may falter without fresh catalysts. 

Recent X posts highlight the severity of the liquidations, with traders describing the market as a “battleground” for Bitcoin and Ethereum positions. Despite the turbulence, the total crypto market capitalization remains at $3.28 trillion, with Bitcoin holding a 61.7% dominance.

At the time of writing, bitcoin is trading near $101,847—down 2.6% in the past 24 hours.

As the market grapples with these challenges, traders are closely watching whether Bitcoin can reclaim its momentum or if further liquidations will redefine the crypto landscape. The coming days will be critical in determining the market’s next move.

Also Read: Miners Profit $10M as Bitcoin price Surges, $109K Coming Soon?