Bu makaleyi paylaş
Ether, Bitcoin Long Traders See $110M Liquidations on Bitzlato-Induced Volatility
Over 76% of all traders betting on the market’s growth were liquidated yesterday, only for prices to recover slightly on Thursday.
Yazan Shaurya Malwa
A notice on the U.S. Justice Department’s website about an oncoming crypto-related effort resulted in a steep sell-off on Wednesday, causing bitcoin and ether to dip under newly breached support levels before slightly recovering.
The U.S. Justice Department announced a major international cryptocurrency enforcement action at noon ET on Wednesday. That turned out to be a money laundering charge against Bitzlato, a little-known crypto exchange that is said to have illegally conducted $700 million in direct and indirect transfers in the last several years.
STORY CONTINUES BELOW
Başka bir hikayeyi kaçırmayın.Bugün Crypto Daybook Americas Bültenine abone olun. Tüm bültenleri gör
The time between the initial announcement and the actual news ended up being a hotbed for doomsayers.
Such sentiment was enough to trigger the steep fall. Bitcoin quickly tumbled some $1,000 to under $20,600 after touching a four-month high of about $21,550. Ether fell to $1,500 from over $1,600, with major tokens including XRP and following the brisk sliding.
Coinglass data shows over $110 million worth of futures positions betting on the rise of bitcoin and ether were liquidated in the past 24 hours, representing over 76% of all futures trades. futures also racked up $9 million in liquidations, while solana and futures took on $8 million in losses apiece.
Out of $224 million in overall liquidations, crypto exchange OKX saw the majority of losses at $109 million, followed by Binance at $90 million.
Some analysts, however, were expecting an imminent pullback regardless of news-driven trading.
“The entire recent rally has been built on the backbone of continuous market shorts keeping funding low and prices being pushed up by forced liquidations and running stops,” markets analysts at crypto exchange Bitfinex analysts said in a note earlier this week.
“A pullback might be expected with a cautious approach from bulls,” they said, pointing to the “limited traders in the market, which is evident from the market depth remaining the same week on week.”
Bitcoin and ether remained steady in Asian trading hours on Thursday.
Sizin için daha fazlası
Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Sizin için daha fazlası
Bitcoin gets 'base case' price target of $143,000 at Citigroup
The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.
Bilinmesi gerekenler:
- Citigroup's base case for bitcoin (BTC) is a rise to $143,000 in 12 months.
- Analysts highlight $70,000 as key support, with the potential for a sharp rise due to revived ETF demand and positive market forecasts.
- The bear case sees bitcoin falling to $78,500 amid a global recession, while the bull case predicts a rise to $189,000 due to increased investor demand.
Top Stories
