Crypto Markets Liquidated $1.5B in Sudden Selloff

Crypto Markets Liquidated $1.5B in Sudden Selloff

Crypto markets experienced a sharp correction last week, with over $1.5 billion in leveraged positions liquidated across more than 407,000 traders, according to derivatives platform data.

Bitcoin plunged briefly to around $111,000 before bouncing back to $113,000, while Ethereum dipped near $4,000 and later stabilized around $4,200. Altcoins were hit harder: Worldcoin, FLOKI, and Dogecoin all lost more than 9%, while XRP and Solana fell between 4% and 7%.

Analysts argue the selloff was triggered by a heavily “long” market where speculative leverage had built up. Once prices fell, cascading liquidations deepened the drop. While painful for traders, some experts suggest this type of correction is “healthy,” clearing out excess leverage and creating a firmer base for future rallies.

The key question now: will Bitcoin and Ethereum regain momentum quickly, or will the market test deeper support zones around $110,000 for BTC and $3,800 for ETH?