Crypto Market Experiences Over $500 Million in Liquidations
- Lyla Velez
- July 28, 2025
- News
- 0 Comments
Key Points:
- Over $500 million in crypto positions liquidated following large-scale BTC sales.
- Galaxy Digital’s BTC sell-off involved a dormant wallet.
- Long positions bear the brunt of losses, impacting key altcoins.
Over $500 million in leveraged crypto positions have been liquidated in the past 24 hours, leading to significant market disruptions.
The liquidation wave underscores the volatility of crypto markets, with significant repercussions for traders and potential shifts in investor strategies.
Large-scale sales led by Galaxy Digital have resulted in over $500 million of leveraged positions being liquidated, with BTC and altcoins experiencing significant impacts. The massive movement of dormant Bitcoin contributed to recent market turbulence. As an anonymous trader noted, “The price of Bitcoin has stalled since those coins started moving.” These movements emphasize the need for closer market scrutiny.
Key players such as Binance and Bybit saw substantial activity during this period. Reports confirm more than 174,569 traders were affected, mostly losing on long positions. The ETH/USDT pair faced the largest single liquidation on Binance at $3.97 million.
The liquidation also affected the financial market, with Ethereum seeing liquidations worth over $112 million, and XRP facing heightened risks due to leveraged positions. Altcoins like SOL, BNB, and ADA remain flagged for potential forced liquidations. More details can be found in the Crypto Virtuos status update on recent crypto developments.
Expert insights suggest potential regulatory scrutiny and technological shifts, emphasizing the need for vigilant monitoring. The recent BTC sell-off from dormant wallets marks a significant market event, possibly influencing future trading strategies and investor sentiment.
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