Source: Blockchain Knight

With another flash crash in BTC, the Crypto asset market has experienced a series of liquidations in the past 24 hours, totaling $1.52 billion.

According to data from Coinglass, bulls accounted for the vast majority, with $1.39 billion liquidated across the market, while short liquidations accounted for $137 million.

This marks the second consecutive week of intense market volatility, with all crypto assets other than BTC taking a huge hit.

More than $759 million has been liquidated in the past hour alone, highlighting the speed and scale of the sell-off.

According to CryptoSlate data, BTC price fell sharply to an intraday low of $94,129 before partially recovering. As of now, the transaction price is approximately $97,000.

BTC’s sudden drop triggered $83.99 million in position liquidations in the past four hours, with long traders accounting for the majority.

The liquidation of leveraged positions further increased downward pressure and exacerbated losses across the market.

Ethereum bore the brunt, clearing $134.5 million in the past four hours alone.

The price of the asset dropped to $3,510, a sharp decline from recent highs, and has only so far recovered to $3,700 levels.

Dogecoin also saw a large amount of liquidation, with $51.55 million in funds being wiped out, as the token struggled to remain above key support and fell to an intraday low of $0.38. So far, the token has It has recovered to $0.422.

The tokens with the largest losses include SOL and XRP, with the former liquidating $33.61 million and the latter liquidating $33.78 million.

The two tokens fell to $203 and $2.01 respectively. So far, buyer intervention has pushed them back to $220 and $2.26.

ADA also faced tremendous pressure and fell below the key psychological price to $0.91. As of now, it is still hovering around $1.

A combination of over-leveraged positions, weak sentiment and a steady stream of stop-loss orders fueled the rapid sell-off.

Binance has the largest liquidation volume, with liquidations totaling $417.65 million in the past four hours.

OKX followed with $224.76 million, while Bybit had $207.16 million in positions cleared.

The most important single liquidation event occurred on Binance’s ETHUSDT trading pair, totaling $19.69 million.

Despite massive liquidations and wild swings, the Crypto Asset Fear and Greed Index remains in the extreme greed zone of 78.