Sharp Decline in Crypto Market: $1.2 Billion Liquidated in 24 Hours

Selling pressure in cryptocurrency markets continues unabated. Sharp declines over the past 24 hours have led to the liquidation of $1.2 billion in positions. This has triggered panic selling among investors, deepening losses across the market. Bitcoin has fallen over 14% on a weekly basis, dropping to the $60,000 level. This decline is recorded as one of Bitcoin's sharpest moves in recent months. Analysts attribute the drop to macroeconomic uncertainties and increasing selling pressure. Ethereum has followed a similar trajectory, suffering significant losses. The second-largest cryptocurrency by market capitalization has lost over 10% in the last 24 hours. This decline has also triggered a broad sell-off in the altcoin market. Liquidation data shows that investors using leverage have faced substantial losses. Experts warn that market volatility may persist in the short term, emphasizing the need for investors to pay attention to risk management. This is not investment advice.

📊 BTC — Piyasa Yorumu

▼ down · 70%

The news headline indicates a large-scale liquidation wave in the crypto market, which could amplify selling pressure. Technical indicators also point to weakness: the RSI is at 43 in the neutral-to-bearish zone, and while the MACD is below zero and above the signal line, momentum remains weak. The price is trading below the 20-day and 50-day moving averages, confirming a short-term downtrend. The 4% decline in the last 24 hours, combined with the news, suggests sellers remain in control. However, since the market has not yet entered oversold territory, further downside is likely.

RSI 14

43.5

MACD

-614.05

24h Δ

-4.10%

📊 ETH — Piyasa Yorumu

▼ down · 70%

ETH fell 10.7% in the last 24 hours to $1,573, with news of $1.2 billion in liquidations confirming selling pressure. The RSI at 33.9 is approaching oversold territory, but the MACD remains negative and below the signal line, indicating weak momentum. The price is trading below the 20- and 50-day moving averages, making the short-term outlook bearish. While the liquidation wave could bring further selling in the near term, oversold conditions may limit the pace of the decline.

RSI 14

33.9

MACD

-42.29

24h Δ

-10.71%

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