Bitcoin May Face Continued Cooling After $1.1B Liquidations as Solana and Dogecoin Drop

• Over $1.1B liquidated in 24 hours, mostly long positions

• Bitcoin fell about 3.6% (under $110,000); Ethereum and major altcoins also plunged

• Solana and Dogecoin were the weekly worst-performers, each down ~21%

Crypto liquidations surge: $1.1B wiped out in 24 hours as BTC dips under $110K — read expert analysis and next steps.

What caused the recent surge in crypto liquidations?

Crypto liquidations spiked after a sharp intraweek sell-off that pushed Bitcoin and several major altcoins lower, triggering margin calls and automated exits. CoinGlass data shows more than $1.1 billion in positions were liquidated in 24 hours, with long positions representing the majority.

How did Bitcoin and major altcoins perform during the sell-off?

Bitcoin fell roughly 3.6% over 24 hours and traded just under $110,000, down nearly 7% for the week. Ethereum slid about 7% to roughly $3,887. Solana and Dogecoin plunged the hardest among top-cap names, each down about 21% this week.

Which data providers and analysts reported these figures?

Market statistics referenced include CoinGlass (liquidation totals), CoinGecko (price snapshots), and analysis from Glassnode and Bitwise commentary. These organizations provided the raw liquidation numbers and market context cited here as plain text sources.

Frequently Asked Questions

How large were the liquidations and which positions were affected?

Over $1.1 billion were liquidated in 24 hours, according to CoinGlass. The majority were long positions, meaning leveraged bets expecting higher prices were forcibly closed during the sell-off.

Why did analysts describe Bitcoin as “showing signs of exhaustion”?

Glassnode analysts noted profit-taking by long-term holders and slowing ETF inflows as signs of market exhaustion. The current up-cycle duration — more than 1,030 days — approaches past-cycle spans, increasing correction risk.

Key Takeaways

• Liquidation scale: Over $1.1B liquidated in 24 hours, mainly long positions.
• Price action: Bitcoin down ~3.6% (sub-$110K); Ethereum, Solana, Dogecoin saw steeper weekly declines.
• Macro catalysts: Upcoming PCE reading and Federal Reserve policy expectations could sway markets further.

Conclusion

Crypto liquidations abruptly rose as Bitcoin and major altcoins declined, erasing more than $1.1 billion in leveraged positions. Market participants should monitor macro data (notably the PCE), institutional flows, and on-chain signals to gauge recovery prospects. COINOTAG will continue tracking developments and market indicators.