{"id":679063,"date":"2025-01-20T09:00:31","date_gmt":"2025-01-20T09:00:31","guid":{"rendered":"https:\/\/ktsl888.com\/?p=679063"},"modified":"2025-01-20T14:10:16","modified_gmt":"2025-01-20T14:10:16","slug":"bitcoin-price-plunge-sparks-1-billion-liquidation-frenzy-details","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-price-plunge-sparks-1-billion-liquidation-frenzy-details\/","title":{"rendered":"Bitcoin Price Plunge Sparks $1 Billion Liquidation Frenzy &#8211; Details"},"content":{"rendered":"<p>The cryptocurrency market experienced almost $1 billion in liquidations within a mere 24 hours due to turbulent developments. What is the main impetus? <a href=\"https:\/\/www.bitstamp.net\/markets\/btc\/usd\/\" target=\"_blank\" rel=\"noopener nofollow\">Bitcoin<\/a> price&#8217;s significant decline beneath the $100,000 threshold, a figure that previously appeared unattainable for several individuals.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/altcoin\/trump-coin-accused-of-100-grift-says-youtuber-coffeezilla\/\" target=\"_blank\" rel=\"noopener \">Trump Coin Accused Of 100% Grift, Says YouTuber Coffeezilla<\/a><\/div>\n<p>The substantial wave of liquidations triggered a significant decline in key altcoins, which mirrored the fears of an unstable market that many had warned about for months.<\/p>\n<h2><strong>Extensive Liquidations Throughout Bitcoin Market<\/strong><\/h2>\n<p>A lot of buyers weren&#8217;t ready for Bitcoin&#8217;s price to drop so quickly. Long accounts lost the most when Bitcoin fell, and they made up a big part of all the liquidations.<\/p>\n<p>About 406,000 traders have sold almost $1.2 billion worth of assets in the last day, with $920 million in long sales and $260 million in short sales, according to <a href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\" rel=\"noopener nofollow\">CoinGlass.<\/a><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-679071\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2025\/01\/a_9a1518.png?resize=1024%2C350\" alt=\"\" width=\"1024\" height=\"350\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2025\/01\/a_9a1518.png?w=1395 1395w, https:\/\/ktsl888.com\/wp-content\/uploads\/2025\/01\/a_9a1518.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2025\/01\/a_9a1518.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2025\/01\/a_9a1518.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2025\/01\/a_9a1518.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2025\/01\/a_9a1518.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Many traders were taken off guard by the drop in Bitcoin&#8217;s price. Long holdings suffered the most as Bitcoin sank, which greatly added to the overall liquidations. Not immune were other <a href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"noopener nofollow\">cryptocurrencies<\/a> including Ether, Cardano, and Dogecoin. They suffered clear losses as they tracked Bitcoin&#8217;s fall.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">theres crypto top signs everywhere rn.<\/p>\n<p>defo some nice charts around still but irregardless of that, i think we&#8217;re at the stage in the cycle where it would be prudent to take some chips off the table<\/p>\n<p>\u2014 Bluntz (@Bluntz_Capital) <a href=\"https:\/\/twitter.com\/Bluntz_Capital\/status\/82698963?ref_src=twsrc%5Etfw\" rel=\"nofollow\">January 19, 2025<\/a><\/p><\/blockquote>\n<h2><strong>The Bearish Trend Impacts Altcoins<\/strong><\/h2>\n<p>Altcoins that had shown promise in the past also went down in value. For example, the uncertainty caused the price of XRP to drop a lot, which surprised many buyers. Traders were looking forward to momentum picking up, but this sudden decline has made them wonder about the market&#8217;s stability and the start of a long period of bearishness.<\/p>\n<figure style=\"width: 1626px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/TAt4c3zz\/\" width=\"1626\" height=\"883\"><figcaption class=\"wp-caption-text\">Total crypto market cap currently at $3.6 trillion. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>On X, cryptocurrency trader &#8220;Bluntz&#8221; said that &#8220;top signs everywhere.&#8221;<\/p>\n<blockquote>\n<h4>\u201cI think we\u2019re at the stage in the cycle where it would be prudent to take some chips off the table,\u201d they added.<\/h4>\n<\/blockquote>\n<h3><strong>Market Sentiment Change Due To Price Declines<\/strong><\/h3>\n<p>The shift in market mentality is very worrisome. Panic selling brought forth by the risk of additional losses caused the market to become unsure.<\/p>\n<p>The market corrections of 2021, when investors quickly liquidated their holdings when sentiment abruptly worsened, were reminiscent of this steep collapse. Analysts now advise investors to remain cautious and keep a close tab on market indicators before placing their bet.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-reserve-in-the-us-65-chance-it-happens-in-2025\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Reserve In The US: 65% Chance It Happens In 2025<\/a><\/div>\n<h3><strong>Bitcoin Hits New ATH<\/strong><\/h3>\n<p>Meanwhile, ahead of Republican Donald Trump&#8217;s planned <a href=\"https:\/\/www.cbsnews.com\/live-updates\/trump-presidential-inauguration-day-2025\/\" target=\"_blank\" rel=\"noopener nofollow\">inauguration<\/a> later in the day, Bitcoin (BTC) shot to a <a href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2025\/01\/20\/god-candle-suddenly-sends-bitcoin-to-all-time-high-price-as-trump-stuns-crypto\/\" target=\"_blank\" rel=\"noopener nofollow\">record high<\/a> above $109,000 during Monday&#8217;s Asian trading hours. On Binance, the biggest cryptocurrency reached $109,335.<\/p>\n<p>In a speech on Sunday, Trump cited the asset&#8217;s historic performance in addition to advances in the broader US stock market.<\/p>\n<p><em>Featured image from WIRED, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market experienced almost $1 billion in liquidations within a mere 24 hours due to turbulent developments. What is the main impetus? Bitcoin price&#8217;s significant decline beneath the $100,000 threshold, a figure that previously appeared unattainable for several individuals. Related Reading: Trump Coin Accused Of 100% Grift, Says YouTuber Coffeezilla The substantial wave of liquidations triggered a significant decline in key altcoins, which mirrored the fears of an unstable market that many had warned about for months. Extensive Liquidations Throughout Bitcoin Market A lot of buyers weren&#8217;t ready for Bitcoin&#8217;s price to drop so quickly. Long accounts lost the most when Bitcoin fell, and they made up a big part of all the liquidations. About 406,000 traders have sold almost $1.2 billion worth of assets in the last day, with $920 million in long sales and $260 million in short sales, according to CoinGlass. Many traders were taken off guard by the drop in Bitcoin&#8217;s price. Long holdings suffered the most as Bitcoin sank, which greatly added to the overall liquidations. Not immune were other cryptocurrencies including Ether, Cardano, and Dogecoin. They suffered clear losses as they tracked Bitcoin&#8217;s fall. theres crypto top signs everywhere rn. defo some nice charts around still but irregardless of that, i think we&#8217;re at the stage in the cycle where it would be prudent to take some chips off the table \u2014 Bluntz (@Bluntz_Capital) January 19, 2025 The Bearish Trend Impacts Altcoins Altcoins that had shown promise in the past also went down in value. For example, the uncertainty caused the price of XRP to drop a lot, which surprised many buyers. Traders were looking forward to momentum picking up, but this sudden decline has made them wonder about the market&#8217;s stability and the start of a long period of bearishness. On X, cryptocurrency trader &#8220;Bluntz&#8221; said that &#8220;top signs everywhere.&#8221; \u201cI think we\u2019re at the stage in the cycle where it would be prudent to take some chips off the table,\u201d they added. Market Sentiment Change Due To Price Declines The shift in market mentality is very worrisome. Panic selling brought forth by the risk of additional losses caused the market to become unsure. The market corrections of 2021, when investors quickly liquidated their holdings when sentiment abruptly worsened, were reminiscent of this steep collapse. Analysts now advise investors to remain cautious and keep a close tab on market indicators before placing their bet. Related Reading: Bitcoin Reserve In The US: 65% Chance It Happens In 2025 Bitcoin Hits New ATH Meanwhile, ahead of Republican Donald Trump&#8217;s planned inauguration later in the day, Bitcoin (BTC) shot to a record high above $109,000 during Monday&#8217;s Asian trading hours. On Binance, the biggest cryptocurrency reached $109,335. In a speech on Sunday, Trump cited the asset&#8217;s historic performance in addition to advances in the broader US stock market. Featured image from WIRED, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":679098,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[142,428,1119,1144,6664],"class_list":["post-679063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-altcoins","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Plunge Sparks $1 Billion Liquidation Frenzy - Details<\/title>\n<meta name=\"description\" content=\"The cryptocurrency market experienced almost $1 billion in liquidations within a mere 24 hours due to turbulent developments. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/ktsl888.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Price Plunge Sparks $1 Billion Liquidation Frenzy - Details","description":"The cryptocurrency market experienced almost $1 billion in liquidations within a mere 24 hours due to turbulent developments. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Plunge Sparks $1 Billion Liquidation Frenzy &#8211; Details","url":"http:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-price-plunge-sparks-1-billion-liquidation-frenzy-details\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-price-plunge-sparks-1-billion-liquidation-frenzy-details\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2025\/01\/a_0f366c.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2025\/01\/a_0f366c.jpg?fit=2400%2C1556"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","bitcoin","btc","btcusd","crypto"],"dateCreated":"2025-01-20T09:00:31Z","datePublished":"2025-01-20T09:00:31Z","dateModified":"2025-01-20T14:10:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Plunge Sparks $1 Billion Liquidation Frenzy &#8211; Details\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin\\\/bitcoin-price-plunge-sparks-1-billion-liquidation-frenzy-details\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin\\\/bitcoin-price-plunge-sparks-1-billion-liquidation-frenzy-details\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/a_0f366c.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/a_0f366c.jpg?fit=2400%2C1556\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"bitcoin\",\"btc\",\"btcusd\",\"crypto\"],\"dateCreated\":\"2025-01-20T09:00:31Z\",\"datePublished\":\"2025-01-20T09:00:31Z\",\"dateModified\":\"2025-01-20T14:10:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2025\/01\/a_0f366c.jpg?fit=2400%2C1556","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/679063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=679063"}],"version-history":[{"count":7,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/679063\/revisions"}],"predecessor-version":[{"id":679108,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/679063\/revisions\/679108"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/679098"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=679063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=679063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=679063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}