Ethereum

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<p>Bitcoin’s rapid climb toward the $100,000 milestone is creating massive buzz across the crypto market. Over the past 24 hours, more than $482 million worth of positions were liquidated, affecting nearly 166,000 traders. </p>   
<p>While some are riding the wave, others—especially those <a href="https://coinpedia.org/news/traders-taking-big-leverage-to-chase-huge-gain-as-bitcoin-nearing-100k-mark/" target="_blank" rel="noreferrer noopener">betting against Bitcoin</a>—are facing heavy losses.</p>   
<h2 class="wp-block-heading" id="h-short-traders-hit-hard">Short Traders Hit Hard </h2>   
<p>Leading the charge,<a href="https://coinpedia.org/news/blackrocks-1-9-billion-etf-debut-on-very-first-day-spark-massive-bullish-run-btc-eyes-100k/" target="_blank" rel="noreferrer noopener"> Bitcoin has soared</a> to a new all-time high of nearly $98,363. Its unstoppable rally has put short traders, who wager on price declines, in a tough spot.</p>   
<p>In the last day alone, short traders lost more than $99 million, while long traders, betting on further price increases, faced losses of around $27 million. This underscores the intense volatility gripping the market as traders try to anticipate Bitcoin’s next move.</p>   
<p><strong>$482 Million Liquidated Across the Market</strong></p>   
<p>The broader crypto market has also been <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noreferrer noopener">rocked by liquidations</a>, which totaled $482 million in the past 24 hours. Data from CoinGlass reveals that long positions accounted for $273 million of the losses, while short positions made up $212 million.</p>   
<h2 class="wp-block-heading" id="h-ethereum-lags-behind">Ethereum Lags Behind</h2>   
<p>Ethereum, the second-largest cryptocurrency, has also been affected. While it hasn’t faced losses on the same scale as Bitcoin, Ethereum still saw $70 million in liquidations during this period.</p>   
<p>Ethereum’s price is currently around $3,240, showing a modest increase from the previous day. However, it remains far below its all-time high of nearly $4,900, a stark contrast to Bitcoin’s recent performance. Ethereum is still down by about 33% from its peak, highlighting its challenges amid Bitcoin's rally.</p>   
<h2 class="wp-block-heading" id="h-market-instability-more-liquidations-ahead">Market Instability: More Liquidations Ahead?</h2>   
<p>As Bitcoin approaches the $100,000 mark, the market remains on edge. <a href="https://coinpedia.org/news/microstrategy-stock-jumps-31-as-bitcoin-nears-100k-mark/" target="_blank" rel="noreferrer noopener">Companies like MicroStrategy </a>are aggressively buying Bitcoin, pushing prices even higher and increasing the likelihood of more liquidations. </p>   
<p><strong>As Bitcoin moves toward the $100,000 mark, it’s clear that the crypto market is far from stable. Traders are betting big, but when things go wrong, the losses can be massive.</strong></p>

Bitcoin Bull Run Triggers $482M Crypto Liquidations – More to Follow?

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