Bitcoin Falls Toward $75,000 as Crypto Liquidations Top $345 Million
Crypto markets stabilized after a wave of leveraged liquidations wiped out more than $345 million in positions over the past 24 hours, while Bitcoin continued consolidating near the $75,000 level amid weakening altcoin momentum and falling risk appetite.
Summary:
- More than $345 million in crypto positions were liquidated over the past 24 hours.
- Bitcoin and Ethereum accounted for the largest share of leveraged wipeouts.
- Hyperliquid remained one of the few major assets outperforming the broader market.
Market sentiment remained cautious, with the Crypto Fear & Greed Index slipping deeper into “fear” territory as traders rotated toward large-cap assets and reduced exposure to speculative positions.
Bitcoin and Ethereum Lead Market Stabilization
Bitcoin trades near $75,600 on Wednesday after recovering from earlier volatility, while Ethereum hovered around the $2,070 level as broader market selling pressure eased.
The total crypto market capitalization slipped roughly 1.2% to $2.54 trillion, reflecting continued weakness across most major digital assets.
Bitcoin remained relatively resilient compared with altcoins, declining just over 2% on a weekly basis, while Ethereum posted steeper losses near 2.6%.
Analysts noted that traders continue treating Bitcoin as the market’s primary defensive asset during periods of deleveraging and macro uncertainty.
Liquidation Pressure Declines After Leverage Flush
Data from CoinGlass showed approximately $345.6 million in liquidations across crypto derivatives markets over the past 24 hours.
Long positions accounted for roughly $243 million of those losses, highlighting how bullish leverage continued unwinding after last week’s market rebound stalled.
Bitcoin alone represented more than $112 million in liquidations, while Ethereum followed with nearly $69 million.
The largest single liquidation order reportedly occurred on Binance involving a WLFIUSDT position worth approximately $12 million.
The cooling liquidation environment suggests some of the excess leverage built during recent rallies has now been largely cleared from the market.
Fear Sentiment Deepens as Altcoins Underperform
Broader market sentiment remained fragile.
According to data from CoinMarketCap, the Crypto Fear & Greed Index dropped to 37, firmly within “fear” territory, while CoinMarketCap’s Altcoin Season Index remained subdued near 35 out of 100.
READ MORE: Bitcoin ETFs Lose Over a Billion as XRP Draws Interest
Several large-cap altcoins, including XRP, Solana, and Dogecoin, posted weekly losses between 1% and 3% as traders reduced exposure to higher-beta assets.
Market participants pointed to slowing ETF inflows, persistent macro uncertainty, and fading speculative momentum as key drivers behind the defensive positioning.
Hyperliquid Continues Standing Out
Despite broader market weakness, Hyperliquid’s HYPE token remained one of the strongest-performing major crypto assets.
HYPE climbed nearly 27% over the past week, extending gains fueled by institutional accumulation, ETF demand, and the protocol’s aggressive buyback structure.
The token also benefited from growing narratives around decentralized trading infrastructure and validator-governed prediction markets.
Its relative strength contrasted sharply with broader altcoin underperformance, reinforcing investor preference for tokens tied to real revenue generation and protocol cash flows.
Traders Watch Key Support Levels
From a technical perspective, Bitcoin’s ability to defend the mid-$75,000 region remains critical for short-term market structure.
Analysts are closely monitoring whether BTC can reclaim momentum above the $77,000 zone or whether continued weakness in risk appetite triggers another wave of deleveraging.
For Ethereum, the $2,000 level continues functioning as a major psychological and technical support area.
Until stronger capital inflows return, traders expect crypto markets to remain range-bound and highly sensitive to macro headlines, ETF flows, and derivatives positioning.
The information presented in this article is intended for informational purposes only and should not be interpreted as financial, investment, or trading advice. Coinspress.com does not promote or advocate for any particular investment strategy, asset, or cryptocurrency project. Cryptocurrency markets are highly volatile and unpredictable – always perform your own research and seek guidance from a qualified financial professional before making any investment decisions.
Alexander Zdravkov
Reporter at CoinsPress
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 10,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
