Crypto Market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта Sees $480 Million Liquidated Amid
Spike in US Treasury Yield
Over the past 24 hours, more than 157,000 traders faced liquidations, with a
total value of over $480 million.
According to Coinglass data, approximately $400 million in leveraged crypto
positions were wiped out. Consequently, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s price dropped over 5%
following seven consecutive days of gains.
Sudden Crypto Liquidations Trigger a Market Pullback
The broader crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта saw its market cap fall by 7%, with Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
declining nearly 8%. The largest single liquidation occurred on Binance.
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Crypto Market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта 24-Hour Liquidation Heatmap. Source: Coinglass
The liquidations coincided with a sudden rise in the 10-year US Treasury
yield. Data from the Institute for Supply Management revealed
stronger-than-expected growth in the US services sector during December.
This intensified concerns about persistent inflation . Higher yields often
pressure growth-oriented risk assets, including cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта. A Sudden
Spike in 10-year US Treasury Yield on January 7. Source: CNBC
Also, open interest levels also contributed to the wave of liquidations. Since
yesterday, both Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum have lost over $1 billion in open
interest , signaling significant deleveraging in the market.
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“BTC About $1.6 billion in Open Interest wiped out since the local high
yesterday. ETH also saw about $1 billion in Open Interest get rinsed out on
this move. Going to be interesting seeing how this plays out in the short
term. Overall market still remains choppy which is usually the case near the
end and start of the year,” popular trader and influencer Daan posted on X
(formerly Twitter).
Some analysts are pointing to today’s crypto liquidation as an indicator that
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price will fall below its $93,000 support level and enter a bearish
cycle.
“Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is repeating its 8-year resistance pattern. Every rejection at this
trendline has led to massive crashes. Expect a big crash, History s
repeating. My 2025 #BTC targets are below $30,000,” Jacob King wrote on X
(formerly Twitter).
However, most analysts maintain a bullish outlook for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. For instance,
Rekt Capital predicts that liquidations mark the start of a new four-year
cycle.
According to its projection, a parabolic price increase may occur before the
anticipated 2026 bear market.
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Economic Data and Federal Reserve Policy Impact
US labor market data also potentially contributed to today’s market volatility
. The JOLTs Job Openings report revealed 8.098 million vacancies in November.
This exceeds the 7.70 million forecast.
A strong labor market could prompt the Federal Reserve to maintain higher
interest rates longer than expected. This means more pressure on risk assets
like cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта.
The Federal Reserve recently signaled a third rate cut but hinted at fewer
reductions in 2025. Historically, rate cuts have benefited Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin prices,
while rate hikes have had the opposite effect.
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Meanwhile, today’s market liquidations impacted crypto-related stocks.
MicroStrategy’s stock (MSTR) dropped 10%, reflecting the broader market
downturn. MSTR Stock Price Daily Chart. Source: Google Finance
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The company has been aggressively purchasing Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin throughout 2024, even
making its first BTC purchase of 2025 yesterday. Marathon Digital Holdings
(MARA), the largest Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin miner , also saw its stock price fall by 5%.
However, not all assets have been affected by today’s downturn. Despite the
widespread crypto liquidations, the Bitget token (BGB) defied the trend. The
altcoin gained over 4% today bringing its January rally to more than 10%.
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