Why Is Crypto Crashing Today? Bitcoin Plunges Below $112K Amid $1.7B Liquidation Carnage – Top Assets To Buy Now!
Crypto markets just got rocked by a brutal selloff—Bitcoin nosedived below $112,000, wiping out $1.7 billion in leveraged positions within hours. Panic swept across exchanges as traders scrambled to cover margin calls.
What Triggered The Bloodbath?
A perfect storm of over-leveraged speculation, whale profit-taking, and sudden regulatory murmurs sparked the cascade. When Bitcoin broke key support, it triggered a domino effect of liquidations—forcing sells that pushed prices even lower.
Hidden Opportunities In The Wreckage
Smart money isn’t panicking—it’s stacking. Major corrections historically create prime entry points for high-conviction assets. While weak hands get liquidated, institutions are quietly accumulating at discounted levels.
Timing beats guessing—and right now, the market’s serving discounts with a side of fear. Just remember: Wall Street still can’t decide if crypto’s the future or a fraud—but they’ll charge you 2% either way to find out.
BTC ▼-2.36% dropped below $112K, now trading at $112,660, dragging the total market cap to $3.9 trillion. According to Coinglass, over 402,000 traders were liquidated in the last 24 hours, wiping out $1.7 billion in positions. Longs bore the brunt, accounting for $1.62 billion in losses, while shorts only lost about $85.8 million. Ethereum
ETH ▼-5.82% saw $483 million liquidated, while Bitcoin traders lost $276 million.
The selloff comes as traders brace for over $517 million worth of token unlocks in the next seven days, sparking fears of further selling pressure.
Despite the red across the board, investors are already asking what could be the best crypto to buy during this dip. Historically, such pullbacks have opened long-term accumulation opportunities, though near-term volatility may persist. Is this the final bottom?
What’s Next for Bitcoin and the Market?
While liquidations and token unlocks explain the immediate crash, macro uncertainty also weighs on sentiment. Still, one silver lining is the $163 million of inflows into U.S. bitcoin spot ETFs, showing institutional demand hasn’t dried up.
Bitcoin now faces a critical test at the $112K support zone. If bulls fail to hold this level, BTC could revisit $108K or even $100K. On the upside, reclaiming $117K would open the door for another attempt toward $123K. ethereum also remains in focus after its drop, with traders watching whether it can stabilize above $4,000.
For investors with a longer horizon, dips like these often highlight the best crypto to buy, especially top assets like BTC, ETH, and SOL. However, traders should stay mindful of near-term volatility as the market digests both liquidations and unlock-driven supply shocks.
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