🚨 Crypto Liquidations Hit $470M as Altcoins Surge 🚀
Bitcoin's recent pullback and altcoin rallies triggered one of the largest crypto liquidation events in months, with $470M liquidated in the last 24 hours. Here's what you need to know:
💥 Liquidation Breakdown
🔹Total Liquidations: $470M
🔹Longs: $352.6M
🔹Shorts: $119.9M
🛑 Top Assets Affected:
🔹Bitcoin (BTC): $56.4M
🔹Ethereum (ETH): $52.5M
🔹Ripple($XRP ): $27.6M
🚀 Altcoins Lead the Charge
🔹Altcoins from the 2020-2021 cycle like XLM, DOGE, and SAND surged unexpectedly, with Stellar up 50%!
🔹DOGE hit its highest price since May 2021, reigniting interest among past cycle investors. 📈
🔥 What’s Fueling the Action?
🔹 Market Sentiment Shift: Bitcoin neared the $100K mark before retreating to $97,790, sparking volatility.
🔹 Altcoin Bargains: Utility tokens remain undervalued, with traders seeking opportunities outside BTC and memecoins.
🪙 Bitcoin’s Role in the Spotlight
🔹Current Price: $97,790 🔻
🔹Market Dominance: 56.2%
🔹Total Market Cap: $3.46T
BTC is still up 44% since Nov. 5, bolstered by post-election optimism.
💬 What’s Next?
Will Bitcoin break $100K, or is it time to shift focus to altcoins like DOGE, XLM, and SAND?
👇 Drop your thoughts in the comments below!
🔄 Like & Share if you're riding the crypto waves 🌊