Crypto Carnage: $700 Million Vaporized as Bitcoin Crashes to $110,000

Bloodbath hits digital assets as king crypto leads brutal selloff.

The Great Unraveling

Bitcoin's plunge triggers domino effect across portfolios—altcoins got absolutely shredded. Traders watched seven figures vanish from the market cap in real-time. No sector got spared—DeFi, NFTs, memecoins—all painted deep crimson on the charts.

Leverage Liquidation Party

Margin calls exploded faster than degenerate gamblers' dreams. Those 100x long positions? Obliterated. Exchanges raked in liquidation fees while 'hodlers' coped with the classic 'it's just a correction' mantra. Meanwhile, traditional finance guys sip champagne and whisper 'told you so' behind Bloomberg terminals.

Silver Linings Playbook

OGs know the drill—this ain't their first rodeo. Dips get bought faster than Twitter scams during bull runs. Smart money's already accumulating while weak hands panic-sell at the bottom. History rhymes: every crash plants seeds for the next parabolic rally.

Just another Tuesday in crypto—where fortunes get made and lost between coffee refills. Wall Street still doesn't get it, and honestly? That's the whole point.

• Bitcoin price has in recent time failed to push up due to whales’ significant supply absorption. This supply absorption was clearly explained on the crypto market on Sunday after a whale sold 24,000 Bitcoin and caused the price of Bitcoin to drop by $4,000.
• In the last 24 hours, over $700 million has been liquidated in the crypto market, and $647.59 million of the total money was liquidated in long trades. 

In what feels like the longest day in Bitcoin history since the token started making significant momentum, the Bitcoin price dropped by $4,000. According to the details shared by on-chain analysts, a whale that holds 152,874 sold about 24,000 Bitcoin of their total Bitcoin balance.

When the transaction was made, the sell-off was worth about $2.7 billion, and within minutes after that major sell-off, Bitcoin’s price dropped to $111,000 from $115,000. 

One of the top influencers for Bitcoin, Willy Woo, explained that Bitcoin’s inability to surge and its consistent slow growth in this cycle come from the significant concentration of supply among large holders. Most of whom have started buying since 2011.

Many of them purchased Bitcoin at about $10 or less, so it now requires over $110,000 in fresh capital to buy each one they sell. That gap in price, plus the distribution of supply and the speed of sales, has continued to affect how much new money is actually needed to push the market higher.

With all of this and many more reasons, the general crypto market is and has continued to face massive liquidation. Just within the last 24 hours, more than $700 million has been wiped out in liquidations.

Crypto Liquidation Within The Last 24 Hours

Within the last 24 hours, Coinglass has recorded liquidations of about $759 million, with bitcoin topping the chart. According to the details, Bitcoin long traders and all long positions have been liquidated and have contributed to a loss of about $270.86 million.

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Ethereum follows next with $196.79 million in long positions liquidated and $41.4 million liquidated in short positions. Other tokens like SOL, DOGE, XRP, ADA, and others make up $65.79 million of the total liquidations.