March 28, 2025 05:26:18 UTC
Crypto Crashing: Crypto Liquidation Surges: $120M Wiped in 1 Hour
Over $120 million was liquidated from the crypto market in the past 60 minutes, highlighting extreme volatility. If Bitcoin drops below $86,000, cumulative long liquidations on major CEXs could surge to $648 million. Conversely, if BTC rises above $88,000, short liquidations may reach $515 million. This liquidation pressure on both sides is causing sharp market movements. Bitcoin is currently hovering near $86,115, making traders nervous as it approaches critical levels that could trigger further cascading liquidations.
March 28, 2025 04:57:55 UTC
Why Crypto Market is Crashing Today?
Crypto market is crashing today due to weak momentum and resistance at key levels. Bitcoin is stuck around $87,000 with its RSI showing trader indecision. Ethereum dropped below $2,000 after facing rejection at $2,081, with its RSI signaling bearish pressure. Ripple is nearing its 100-day EMA at $2.31, and if it breaks below, it could fall further. Overall, technical indicators show a lack of strong buying, leading to the current pullback across major cryptocurrencies.
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