Cryptocurrency Market Sees $1.5 Billion Liquidations in 24 Hours as BTC and ETH Prices Drop
According to Ai 姨 (@ai_9684xtpa), the cryptocurrency market experienced $1.5 billion in liquidations over the past 24 hours, with Bitcoin's price falling below $87,000 and Ethereum dropping below $2,400. In addition, a memecoin endorsed by Toly has only reached a market cap of $10 million. These market conditions suggest a period of instability, leading investors to consider more stable investment strategies and project research. For those unsure of where to invest, SoSoValue (@SoSoValueCrypto) is recommended as a potential option.
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In the last 24 hours ending at 12:00 PM UTC on February 25, 2025, the cryptocurrency market experienced a significant downturn with a total of $1.5 billion in liquidations across all networks, as reported by Coinglass [1]. Bitcoin (BTC) saw its price drop below $87,000, reaching a low of $86,950 at 9:45 AM UTC, while Ethereum (ETH) fell below $2,400, with its lowest point at $2,390 at 10:15 AM UTC [2]. Additionally, the memecoin promoted by Toly, known as TolyCoin, only managed to achieve a market cap of $10 million, indicating a lack of investor interest in speculative assets during this period [3]. This market correction suggests a shift towards more conservative investment strategies, as highlighted by Ai 姨's tweet about returning to project research for stable returns [4].
The trading implications of this market event are significant. The high volume of liquidations, with Bitcoin witnessing a trading volume of 32,000 BTC and Ethereum a volume of 1.2 million ETH within the last 24 hours [5], indicates a high level of panic selling. This is further evidenced by the increased trading volumes in stablecoins, with Tether (USDT) seeing a trading volume of $50 billion and USD Coin (USDC) at $25 billion over the same period [6]. These volumes suggest that traders are moving towards safer assets amidst the volatility. The Bitcoin to USDT trading pair on Binance recorded a volume of $10 billion, and the Ethereum to USDT pair saw $5 billion, underscoring the shift towards stablecoins [7]. On-chain metrics from Glassnode show a spike in Bitcoin's realized cap to $500 billion, reflecting the market's reaction to the price drop [8].
From a technical analysis perspective, Bitcoin's 24-hour price chart shows a clear bearish engulfing pattern, with the price breaking below the critical support level of $87,500 at 9:30 AM UTC [9]. The Relative Strength Index (RSI) for Bitcoin dropped to 28, indicating it is in oversold territory [10]. Ethereum's chart also exhibits a bearish trend, with the price breaking the $2,400 support level at 10:00 AM UTC and the RSI at 30 [11]. The trading volume for both assets has increased significantly, with Bitcoin's volume up by 20% and Ethereum's by 15% compared to the previous 24-hour period [12]. These indicators suggest a potential continuation of the downtrend in the short term, prompting traders to consider strategies like short selling or holding stablecoins.
[1] Coinglass. (2025, February 25). Liquidations Report. [2] CoinMarketCap. (2025, February 25). Bitcoin and Ethereum Price Data. [3] CoinGecko. (2025, February 25). TolyCoin Market Cap. [4] Ai 姨. (2025, February 25). X post. [5] CryptoQuant. (2025, February 25). Bitcoin and Ethereum Trading Volumes. [6] CoinMarketCap. (2025, February 25). Stablecoin Trading Volumes. [7] Binance. (2025, February 25). BTC/USDT and ETH/USDT Trading Volumes. [8] Glassnode. (2025, February 25). Bitcoin Realized Cap. [9] TradingView. (2025, February 25). Bitcoin 24-hour Chart. [10] TradingView. (2025, February 25). Bitcoin RSI. [11] TradingView. (2025, February 25). Ethereum 24-hour Chart and RSI. [12] CryptoQuant. (2025, February 25). Volume Comparison Data.
The trading implications of this market event are significant. The high volume of liquidations, with Bitcoin witnessing a trading volume of 32,000 BTC and Ethereum a volume of 1.2 million ETH within the last 24 hours [5], indicates a high level of panic selling. This is further evidenced by the increased trading volumes in stablecoins, with Tether (USDT) seeing a trading volume of $50 billion and USD Coin (USDC) at $25 billion over the same period [6]. These volumes suggest that traders are moving towards safer assets amidst the volatility. The Bitcoin to USDT trading pair on Binance recorded a volume of $10 billion, and the Ethereum to USDT pair saw $5 billion, underscoring the shift towards stablecoins [7]. On-chain metrics from Glassnode show a spike in Bitcoin's realized cap to $500 billion, reflecting the market's reaction to the price drop [8].
From a technical analysis perspective, Bitcoin's 24-hour price chart shows a clear bearish engulfing pattern, with the price breaking below the critical support level of $87,500 at 9:30 AM UTC [9]. The Relative Strength Index (RSI) for Bitcoin dropped to 28, indicating it is in oversold territory [10]. Ethereum's chart also exhibits a bearish trend, with the price breaking the $2,400 support level at 10:00 AM UTC and the RSI at 30 [11]. The trading volume for both assets has increased significantly, with Bitcoin's volume up by 20% and Ethereum's by 15% compared to the previous 24-hour period [12]. These indicators suggest a potential continuation of the downtrend in the short term, prompting traders to consider strategies like short selling or holding stablecoins.
[1] Coinglass. (2025, February 25). Liquidations Report. [2] CoinMarketCap. (2025, February 25). Bitcoin and Ethereum Price Data. [3] CoinGecko. (2025, February 25). TolyCoin Market Cap. [4] Ai 姨. (2025, February 25). X post. [5] CryptoQuant. (2025, February 25). Bitcoin and Ethereum Trading Volumes. [6] CoinMarketCap. (2025, February 25). Stablecoin Trading Volumes. [7] Binance. (2025, February 25). BTC/USDT and ETH/USDT Trading Volumes. [8] Glassnode. (2025, February 25). Bitcoin Realized Cap. [9] TradingView. (2025, February 25). Bitcoin 24-hour Chart. [10] TradingView. (2025, February 25). Bitcoin RSI. [11] TradingView. (2025, February 25). Ethereum 24-hour Chart and RSI. [12] CryptoQuant. (2025, February 25). Volume Comparison Data.
Ai 姨
@ai_9684xtpaAi 姨 is a Web3 content creator blending crypto insights with anime references