Crypto Market Liquidations Top $544 Million Ahead of Mt. Gox Repayment
The crypto market is experiencing increased liquidations, totaling $538 million, with Bitcoin and altcoins under selling pressure.
Key Highlights
- Total market liquidations reached $544 million, with $394 million in long liquidations, affecting 195,333 traders.
- Bitcoin's price decreased by 1.25%, testing support at $110,000, amid impending Mt. Gox repayments.
- Bitcoin whales have started profit-taking; wallets holding 10 to 10,000 BTC offloaded 17,554 BTC but accumulated 318,610 BTC since early 2025.
- Ethereum is testing critical support at $4,000, with other altcoins like XRP, Solana, Dogecoin, and Cardano dropping by 2-4%.
- Mt. Gox's upcoming repayment deadline may introduce additional sell-side pressure as 34,000 BTC could enter the market if no extension is granted.
Market participants are cautious due to potential volatility from macro events and the approaching Mt. Gox repayment deadline on Oct. 31, 2025.