- Ethereum leads in liquidation impact despite showing price stability near $1,600
- Short liquidations dominate as bearish traders misjudge the crypto rebound
- Market sentiment remains weak with $872.4M in liquidations and high volatility
The broader crypto market is showing tentative signs of recovery after facing heavy selling pressure. Bitcoin has climbed back to $80,000 while Ethereum is trading just under $1,600. Despite these gains, extreme fear continues to grip the market. The latest Fear and Greed Index remains at 24, reflecting ongoing investor caution.
Meanwhile, misleading headlines about trade tariffs triggered erratic movement in traditional markets. A fake report suggesting a 90-day tariff pause pushed the S&P 500 up by 8%. However, this rally quickly faded after the White House dismissed the claims. Former President Trump added to the confusion by threatening a 50% tariff increase if China does not remove its trade barriers.
Ethereum Leads in Liquidation Impact Despite Price Stabilization
Ethereum recorded the highest value of liquidations within a one-hour window, totaling $910,070. This comes even as ETH showed signs of stability near the $1,600 level.
Bitcoin followed with $580,890 in liquidations, signaling that recent volatility still affected major assets. Notably, the “Others” category likely composed of lesser-known altcoins experienced a collective liquidation value of $509,450.
Solana and XRP also showed heavy liquidation volumes, with $438,530 and $424,130 respectively. These numbers highlight continued trading aggression in both directions. The liquidation heatmap, which visualizes this activity, revealed high concentration and intensity in certain areas. Hence, the recent recovery in prices has not translated to lower trading risk.
Short Liquidations Dominate as Bearish Bets Unwind
Several tokens highlighted in red signaled mass short liquidations. TROY recorded $174,940 in liquidations, suggesting aggressive bearish positions were wiped out. EDU, FARTCOIN, and HEI also saw significant red zones, indicating failed short trades. This suggests many traders bet against the market’s rebound but were caught off guard by the sudden upside movement.
Besides the majors, some mid- and low-cap tokens faced notable volatility. SUI saw $225,880 in liquidations, while ADA and BADGER faced $119,930 and $123,210 respectively. These figures reflect widespread deleveraging across the board.
Market Sentiment Weakens as Risk Exposure Remains High
The 24-hour liquidation total reached $872.4 million, underlining the fragility of current market conditions. Despite the price rebound, the crypto market’s total capitalization stands at $2.68 trillion still below recent highs.
