On the night of January 21, 2025, the bitcoin price fell below $89,000, according to TradingView. This triggered a wave of futures liquidations, with daily lossesOn the night of January 21, 2025, the bitcoin price fell below $89,000, according to TradingView. This triggered a wave of futures liquidations, with daily losses

Liquidations Hit $930M as Bitcoin Fell Below $89,000

  • The crypto market saw a sharp sell-off driven by macroeconomic factors.
  • The bitcoin price dropped below $89,000, dragging other assets down with it.
  • According to CoinGlass, daily liquidations totaled nearly $930 million.

On the night of January 21, 2025, the bitcoin price fell below $89,000, according to TradingView. This triggered a wave of futures liquidations, with daily losses totaling nearly $930 million. 

As of writing, the asset is trading around $89,600. The weekly chart shows a drawdown of more than 6%. 

BTC/USDT price on the Binance exchange. Source: TradingView. 

Other crypto assets also sold off alongside bitcoin. In particular: Ethereum — -4.6% on the daily chart, Solana — -2.46%, TRX — -3.77%. 

Top 10 crypto assets by market capitalization. Source: CryptoRank. 

More than 176,000 traders were forced out of their positions. Losses were dominated by long positions, as market participants likely expected a rebound after the correction on January 19. 

Daily futures liquidations in the crypto asset market. Source: CoinGlass. 

The fear and greed index fell by another 13 points. It indicates that sell-side sentiment is dominating the crypto market. 

Crypto asset market Fear and Greed Index. Source: CoinStats.

The crypto market sell-off is likely driven by broader macroeconomic uncertainty. In addition to the factor of US President Donald Trump’s tariff policy, a sell-off in Japanese government bonds also fueled concerns. 

At the same time, stock indices also posted losses, including MSCI — 0.3% and Nikkei — 1.2%.  

Market Opportunity
2131KOBUSHIDE Logo
2131KOBUSHIDE Price(21)
$0.002119
$0.002119$0.002119
+32.93%
USD
2131KOBUSHIDE (21) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The USDC Treasury burned $50 million worth of USDC on the Ethereum blockchain.

The USDC Treasury burned $50 million worth of USDC on the Ethereum blockchain.

PANews reported on January 22 that, according to Whale Alert monitoring, at 15:55 Beijing time, the USDC Treasury destroyed 50,000,000 USDC (approximately $50.01
Share
PANews2026/01/22 15:59
Crossmint Partners with MoneyGram for USDC Remittances in Colombia

Crossmint Partners with MoneyGram for USDC Remittances in Colombia

TLDR Crossmint enables MoneyGram’s new stablecoin payment app for cross-border transfers. The new app allows USDC transfers from the US to Colombia, boosting financial inclusion. MoneyGram offers USDC savings and Visa-linked spending for Colombian users. The collaboration simplifies cross-border payments with enterprise-grade blockchain tech. MoneyGram, a global leader in remittance services, launched its stablecoin-powered cross-border [...] The post Crossmint Partners with MoneyGram for USDC Remittances in Colombia appeared first on CoinCentral.
Share
Coincentral2025/09/18 21:02
Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales offload 200 million XRP leaving market uncertainty behind. XRP faces potential collapse as whales drive major price shifts. Is XRP’s future in danger after massive sell-off by whales? XRP’s price has been under intense pressure recently as whales reportedly offloaded a staggering 200 million XRP over the past two weeks. This massive sell-off has raised alarms across the cryptocurrency community, as many wonder if the market is on the brink of collapse or just undergoing a temporary correction. According to crypto analyst Ali (@ali_charts), this surge in whale activity correlates directly with the price fluctuations seen in the past few weeks. XRP experienced a sharp spike in late July and early August, but the price quickly reversed as whales began to sell their holdings in large quantities. The increased volume during this period highlights the intensity of the sell-off, leaving many traders to question the future of XRP’s value. Whales have offloaded around 200 million $XRP in the last two weeks! pic.twitter.com/MiSQPpDwZM — Ali (@ali_charts) September 17, 2025 Also Read: Shiba Inu’s Price Is at a Tipping Point: Will It Break or Crash Soon? Can XRP Recover or Is a Bigger Decline Ahead? As the market absorbs the effects of the whale offload, technical indicators suggest that XRP may be facing a period of consolidation. The Relative Strength Index (RSI), currently sitting at 53.05, signals a neutral market stance, indicating that XRP could move in either direction. This leaves traders uncertain whether the XRP will break above its current resistance levels or continue to fall as more whales sell off their holdings. Source: Tradingview Additionally, the Bollinger Bands, suggest that XRP is nearing the upper limits of its range. This often points to a potential slowdown or pullback in price, further raising concerns about the future direction of the XRP. With the price currently around $3.02, many are questioning whether XRP can regain its footing or if it will continue to decline. The Aftermath of Whale Activity: Is XRP’s Future in Danger? Despite the large sell-off, XRP is not yet showing signs of total collapse. However, the market remains fragile, and the price is likely to remain volatile in the coming days. With whales continuing to influence price movements, many investors are watching closely to see if this trend will reverse or intensify. The coming weeks will be critical for determining whether XRP can stabilize or face further declines. The combination of whale offloading and technical indicators suggest that XRP’s price is at a crossroads. Traders and investors alike are waiting for clear signals to determine if the XRP will bounce back or continue its downward trajectory. Also Read: Metaplanet’s Bold Move: $15M U.S. Subsidiary to Supercharge Bitcoin Strategy The post Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse? appeared first on 36Crypto.
Share
Coinstats2025/09/17 23:42