Key Highlights
- Crypto liquidations hit $864M because, surprise, betting on gains can actually backfire 🤯. Mostly long positions took the hit, because optimism is a cruel mistress.
- XRP and Ethereum led the losses because why not? Bitcoin and the smaller altcoins joined the pity party 🎉. Leverage? More like wreckage.
- The market’s like, “Meh.” Bitcoin’s chilling at 59% dominance, trading’s up, and sentiment is as neutral as Switzerland 🇨🇭. Thanks, macro uncertainty!
The crypto market decided to freak out during the early-Monday Asian trading hours 🔥. Liquidations soared past $864 million, because apparently, tariffs on eight European countries were the perfect excuse for a meltdown. Thanks, Donald.
CoinGlass data shows long positions got obliterated-$783.4 million lost-while short positions only lost $80.8 million. Clearly, optimism doesn’t pay the bills 💸.
Asset-level losses: Everyone’s Screaming 🔥
Bitcoin led the charge with $228 million in liquidations, followed by Ethereum at $127 million. Altcoins didn’t escape the carnage-Solana, XRP, and Dogecoin lost $60 million, $40 million, and $35 million, respectively. Long positions? More like wrong positions 🙃.
Over 24 hours, total liquidations hit $871 million, with long trades making up $788 million. Bitcoin again took the crown at $230 million, Ethereum followed with $155 million, and the altcoins collectively lost $133 million. Solana, XRP, and Dogecoin continued their sad parade 🎭.
Macro factors: Because Why Not More Drama? 🌍
Bloomberg points out that Trump’s tariffs shook global markets. European leaders pushed back, U.S. equity-index futures fell, and haven assets like gold and silver surged. Investors are feeling about as stable as a Jenga tower 🏰.
Richard Galvin, co-founder of DACM, said the crypto drop is “a risk-off move.” Earlier this year, Bitcoin almost hit $98,000, but now it’s like, “Remember when we were hopeful? Good times.”
Market metrics and sentiment: Meh 📊
As of writing, Bitcoin’s trading at $92,640, down 2.5%. Ethereum’s down 3.35% to $3,201, and XRP fell 4.66% to $1.96. Total crypto market value? Down 2.7% to $3.13 trillion. Trading activity surged to $101.44 billion-up 69%. Because panic sells, apparently 🤑.
The Fear and Greed Index sits at 45-neutral, like a lukewarm cup of tea ☕. The Altcoin Season Index is 26, meaning Bitcoin’s outperforming everything else. Bitcoin dominates at 59.1%, Ethereum’s at 12.3%, and altcoins share the remaining 28.6%. Derivatives traders are busy with $659 billion in perpetual contracts-futures can’t compete at $3.7 billion.
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2026-01-19 11:03