More than 172,000 traders were liquidated in a single day as Bitcoin losses piled up. pushing cryptocurrency abroad Among the top 10 things in the world by market. Bitcoin is now in 13th place, following gold, NVIDIA, appleMicrosoft, and silver, among others.
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Longs Take The Brunt
Total crypto liquidations reached $921 million within 24 hours, and Bitcoin alone is $352 million. Ethereum followed at $241 million, while XRP, ZEC, HYPE, SUI, DOGE, and NEAR recorded the remaining losses.
Long positions made up more than 90% of all liquidations, a sign that traders bet on a price reversal that never came – leading to forced selling instead of new bets.
The closing four hours hit $95 million, with a high of $55 million and a short of $39 million. On exchanges, Hyperliquid and Bybit saw the closure of long positions, OKX leaned towards short positions, and Binance also recorded short positions.
Bitcoin was trading at around $73,125 at the time of writing, down 1.70% in 24 hours and 5% over the previous week. Its range for the day ranged from $72,485 to $75,280.
A Wider Market Slide
The broader crypto market moves in one direction. Ethereum fell 5.60% for the week, BNB fell 2.50%, and XRP declined 3.15%, according to Coingecko data. Tether fell by only 0.005%.
Meanwhile, gold ranked first in the world with a market capitalization of more than $31 trillion, according to CompaniesMarketCap data. NVIDIA, Google, Apple, and Microsoft followed suit.
AI-driven quests are saved NVIDIA and Broadcom among the strongest performers in recent months, as gold and silver have attracted investors looking for stability.
The value of the Bitcoin market reaches about $ 1.47 trillion – very important by many standards, but it is not enough to put it in the top 10 together with the world’s largest companies and assets.
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Bearish Signs Around the World
Technical indicators paint a sad picture. On a one-day chart, the moving average from 10 to 200 is always distorted, according to TradingView data. The group of oscillators is mixed – the RSI is at 3 6, which is considered neutral, but the other two oscillators are flashing sell signals.
Whether Bitcoin can climb back above 10 will depend a lot on the price of the commodity in the coming weeks. Reports suggest a sustained move above $75,000 could help restore market confidence, while a break below key support levels could extend the current trend.
Image taken from Bitpanda Blog, chart from TradingView
