– Global crypto market cap drops 2% to $3.39 trillion – $840 billion lost from digital assets in 30 days – Over 430,000 traders liquidated, CoinGlass data shows – Ethereum leads with $573.91 million in liquidations – Bitcoin liquidations reach $499.89 million – Binance records net inflow of 8,403 BTC worth $855 million – 809 million USDT enters Binance, hinting at buying opportunities – Santiment reports shift in social sentiment to “buying dips”
The crypto market is experiencing high volatility, affecting both small-cap tokens and leading assets. The global crypto market cap dropped by 2%, now at $3.39 trillion, with a total loss of $840 billion in the past 30 days.
- $1.73 billion in liquidations occurred over 24 hours, with $1.32 billion from long positions.
- Ethereum had $573.91 million in liquidations due to a 4.5% price drop, trading at $3,330.
- Bitcoin saw $499.89 million in liquidations, falling below $100,000 for the first time since May, currently around $102,000.
- Over 430,000 traders were liquidated, according to Coinglass data.
Binance recorded a net inflow of 8,403 BTC, suggesting investor preparation for further selling amid volatility. Additionally, 809 million USDT entered Binance, indicating potential buying as investors see it as an opportunity.
Santiment notes a shift in social sentiment from selling to "buying dips with confidence," especially after Bitcoin's decline below $100,000. Despite ongoing selloffs by large investors, this sentiment change might lead to a buying spree.