• Bitcoin’s sharp decline to $88,675 reflects a 5.20% drop in 24 hours and 12.34% weekly loss, dragging the broader crypto market lower.

• Ethereum suffered the most from liquidations at $216.51 million, followed by Bitcoin at $148.38 million, as traders’ long positions were forcibly closed.

• Technical indicators show Bitcoin’s RSI at 28 in oversold levels, but MACD remains bearish, with over $559 million liquidated impacting 169,985 traders.

Bitcoin crashes to $88,000 as $560M crypto liquidations shake the market. Explore impacts on Ethereum, altcoins, and trading strategies in this in-depth analysis for 2025 trends.

What Caused the Bitcoin Crash to $88,000?

Bitcoin crash to $88,000 stems from intensified selling pressure in the cryptocurrency market, leading to widespread liquidations of leveraged positions totaling over $560 million in the last 24 hours. This event, observed on November 19, 2025, has seen Bitcoin drop 5.20% daily to $88,675 and 12.34% weekly, while pulling Ethereum down 9.06% to $2,872. The cascade began with aggressive long positions unraveling on derivatives exchanges, amplifying the downturn across major assets like XRP and Solana.

How Have Crypto Liquidations Impacted Major Altcoins?

The $560 million in crypto liquidations has severely affected altcoins, with Ethereum bearing the brunt at $216.51 million wiped out, according to aggregated exchange data from platforms like Hyperliquid. Bitcoin followed with $148.38 million in forced closures, while Solana and XRP saw notable hits of several million each, reflecting a broader unwind in bullish leverage. This has led to daily drops of nearly 9% for XRP to $2.03 and 7.57% for Solana to $130.91, with weekly losses exceeding 12% and 14%, respectively. Market analysts from firms like 10x Research note that such liquidation events often create a reflexive downside loop, where exiting traders exacerbate volatility. Supporting statistics indicate 169,985 traders impacted, predominantly in long positions, which accounted for the majority of the $559 million total. Expert commentary from financial reporter Kosta Gushterov highlights that this pressure stems from shifting liquidity in derivatives markets, pushing sentiment into risk-off mode. Short sentences underscore the rapid nature: positions closed instantly, prices plunged, and recovery signals remain absent. Historically, similar waves in past cycles, such as those in 2022, led to prolonged corrections before stabilization, though current oversold RSI at 28 on Bitcoin’s 4-hour chart suggests potential exhaustion of sellers. However, the MACD’s downward trend warns of continued choppiness without a bullish crossover. Data from on-chain analytics further reveals that funding rates are resetting lower, cooling excessive leverage and potentially paving the way for stabilization, but only after testing key supports around $85,000 to $88,000.

Frequently Asked Questions

What triggered the $560 million crypto liquidations in November 2025?

The liquidations were primarily triggered by a sudden selloff in Bitcoin and Ethereum, causing leveraged long positions to hit margin calls on major exchanges. Over 24 hours ending November 19, 2025, this wiped out $559 million across 169,985 traders, with Ethereum’s $216.51 million leading due to high leverage in perpetual futures contracts.

Is the Bitcoin market oversold after crashing to $88,000?

Yes, Bitcoin’s Relative Strength Index (RSI) on the 4-hour chart has dropped to 28, indicating oversold conditions that often signal short-term selling exhaustion. While this could precede volatility or a bounce, the MACD’s bearish momentum suggests no immediate reversal, so traders should monitor for confirmation through price action around the $85,000 support level.

Key Takeaways

• Market-Wide Pressure: Bitcoin’s drop to $88,675 has synchronized losses across Ethereum at $2,872 and altcoins like XRP at $2.03, driven by $560 million in liquidations.
• Leverage Unwind: Long positions dominated the $559 million liquidated, with Ethereum hit hardest at $216.51 million, highlighting risks of over-leveraging in volatile conditions.
• Technical Outlook: Oversold RSI at 28 offers hope for stabilization, but persistent bearish MACD urges caution; watch $85,000-$88,000 for potential support or further downside.

Conclusion

The Bitcoin crash to $88,000 and ensuing $560 million crypto liquidations underscore the fragility of leveraged trading in a high-volatility environment, impacting Ethereum, Solana, and XRP with sharp declines. As technical indicators like RSI signal oversold conditions amid bearish MACD trends, the market may stabilize near key supports, but traders must remain vigilant. Looking ahead, cooling leverage and reset funding rates could foster recovery, encouraging investors to prioritize risk management in this evolving 2025 crypto landscape.