$1B Crypto Bloodbath: Bitcoin, Ether, Solana Liquidations Surge as Market Panic Deepens

Digital asset markets hemorrhage value as forced liquidations trigger domino-effect selling.

The Domino Effect Unleashed

Leveraged positions crumble faster than Wall Street credibility as $1 billion gets wiped from crypto portfolios. Margin calls hit traders holding Bitcoin, Ethereum, and Solana positions—creating a cascade that accelerates the downward spiral.

Three-Headed Dragon Slump

Bitcoin leads the charge downward while Ethereum struggles to maintain key support levels. Solana—often touted as the 'Ethereum killer'—gets hit hardest percentage-wise, proving even promising tech can't defy gravity during mass liquidation events.

Market Mechanics Exposed

Exchange liquidation engines work overtime, automatically closing positions when collateral values drop below maintenance thresholds. The $1 billion liquidation figure represents just the visible damage—the real carnage includes knocked-out leverage traders and recalculated risk models across the sector.

Another day, another billion dollars vaporized—almost makes you nostalgic for the simple insanity of 2021's bull run. At least those losses came with cartoon animal JPEGs.

Crypto equities also took a hit. Michael Saylor's Strategy (MSTR), the largest corporate owner of BTC, sunk as much as 10% during the session to five-month low. The stock, which is often seen as a leveraged bet on bitcoin's price, gave up all of this year's gains and is now 1.5% down year-to-date, while BTC is still holding on 16% advance during the same period.

Ether treasury firms Bitmine (BMNR) and Sharplink Gaming (SBET) were down 7%-8%,as were bitcoin miners MARA Holdings. (MARA) and Riot Platforms (RIOT).

With Thursday's nosedive, BTC is now on the brink of taking out the lows of late August-early September, when it bottomed just above $107,000. That price level could serve as support at least for a bounce, with order books also showing a liquidity cluster which could absorb selling pressure, CoinDesk reported on a Hyblock Capital analysis.