Binance Sees $1B Crypto Liquidation Amid Market Turmoil

The cryptocurrency market experienced a significant downturn over the past two days, shedding $160 billion in value as leveraged positions were forcefully unwound. Bitcoin (BTC) dropped 1.7% to $118,000, pressured by outflows from spot ETFs, while Ethereum (ETH) struggled to break past the $3,850 resistance level. Altcoins suffered even heavier losses, with XRP, Solana (SOL), and meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) plunging over 10%. According to CoinGlass data, the selloff triggered $1 billion in liquidations, affecting approximately 300,000 traders. Notably, Binance recorded a single large liquidation of $2.96 million in the BTC-USDC trading pair. This broad market correction highlights the volatility inherent in crypto markets, particularly when leveraged positions are abruptly closed. Despite the short-term turbulence, long-term bullish fundamentals for digital assets remain intact, with institutional adoption and technological advancements continuing to drive the sector forward.

$1B Crypto Market Liquidation Triggers Broad Selloff in BTC, ETH, XRP, SOL

The cryptocurrency market bled $160 billion in two days as leveraged positions unwound. Bitcoin slid 1.7% to $118,000 amid spot ETF outflows, while Ethereum stalled below $3,850 against formidable resistance. Altcoins bore the brunt—XRP, SOL, and meme coins DOGE and SHIB plunged over 10%.

CoinGlass data reveals $1 billion in liquidations hit 300,000 traders, with Binance recording a single $2.96 million BTC-USDC trade collapse. Long positions accounted for 86% of the carnage. The Altcoin Season Index plummeted 21 points to 39, signaling capital rotation from risk assets.

APT Price Tests Key Support Amid Mixed Technical Signals

Aptos (APT) faces a critical test at the $4.36 support level after a 5.68% drop to $4.54, despite recent network enhancements. The WBTC integration on July 22 initially spurred a 4.5% rally, but bullish momentum faded as altcoins broadly retreated.

RSI at 39.14 hints at oversold conditions, while $70.7 million in Binance spot volume suggests lingering interest. Node upgrades and Proposal 148 approval underscore fundamental strength, yet traders appear focused on short-term profit-taking.

Optimism (OP) Price Struggles Below $0.70 as Bearish Momentum Intensifies

Optimism's native token OP faces mounting selling pressure, dropping 3.01% to $0.68 as technical indicators flash warning signs. The LAYER 2 token's failed breakout attempt on July 20—when it briefly touched $0.797 on 2.5x average volume—has given way to sustained downward momentum.

Market structure appears fragile after OP failed to hold above the critical $0.80 level, triggering stop-loss cascades. Binance spot data reveals bearish divergence in MACD readings despite a neutral 50.44 RSI, suggesting weakening buying interest. The July 20-22 correction saw violent swings between $0.772-$0.813 before breaking key support at $0.763.

Recent price action mirrors broader ethereum ecosystem tokens struggling amid fading risk appetite. Without fresh catalysts, OP's technical setup suggests potential for further downside toward yearly lows.

FLOKI Price Drops 5.59% Amid Mixed Technical Signals Despite Bullish Backdrop

FLOKI's price declined 5.59% over 24 hours despite maintaining a 'Very Strong Bullish' technical rating, with Binance spot volume reaching $75.6 million. The meme coin's RSI at 57.49 reflects neutral momentum, suggesting the selloff represents profit-taking rather than structural weakness.

Market activity appears driven by sector-wide risk aversion rather than FLOKI-specific catalysts. The elevated trading volume signals sustained interest, positioning the dip as a potential consolidation phase before the next move.

14-Year Bitcoin Whale Moves $1.67B in BTC to Exchanges, Triggers Major Sell Activity

A long-dormant Bitcoin whale has awakened, transferring 14,273 BTC—valued at approximately $1.67 billion—to cryptocurrency exchanges within a 12-hour window. On-chain tracker @ai_9684xtpa flagged the movement, which was routed through Galaxy Digital and included a single-hour transfer of 5,690 BTC.

The sudden influx led to over 10,000 BTC being sold on Binance within four hours, with Galaxy Digital subsequently withdrawing USDT—confirming genuine sell-side pressure. Market participants are bracing for short-term volatility as the whale's activity ripples through order books.

PEPE Faces Technical Turbulence Amid Mixed Market Signals

Pepe (PEPE) dipped 4.39% in the past 24 hours as traders grappled with conflicting technical indicators. The meme coin's RSI hovered at a neutral 48.50, failing to provide clear directional bias while maintaining its broader bullish structure.

Binance's PEPE/USDT pair saw $253 million in spot volume despite the decline, underscoring sustained liquidity interest. With no fundamental catalysts driving action, price movements reflect pure technical play—profit-taking meets opportunistic accumulation at support levels.