Decentraland

bullish

The Sandbox

Bitcoin

FOMO

<p>Bitcoin (BTC) has closed its third consecutive week in a price discovery phase, setting the tone for the rest of the cryptocurrency market. <a href="https://coinpedia.org/price-analysis/analyst-expects-banana-rally-in-dogecoin-sui-targets-100-gains/" target="_blank" rel="noreferrer noopener">Altcoins are thriving</a> in its shadow, with Stellar Lumens (XLM), <a href="https://coinpedia.org/price-analysis/the-sandbox-sand-price-primed-to-hit-1-after-momental-surge-decentraland-mana-price-to-follow-the-suit/" target="_blank" rel="noreferrer noopener">Decentraland (MANA), and The Sandbox (SAND) </a>among the top performers.</p>   
<p>But behind the scenes, the crypto world is buzzing with volatility, FOMO-driven traders, and rising liquidations. What does this mean for the next phase of the market?</p>   
<p>Let’s dive deeper into the data shaping these trends.</p>   
<h2 class="wp-block-heading" id="h-more-liquidations-more-volatility">More Liquidations, More Volatility! </h2>   
<p>The crypto market has seen a surge in cash inflows, surpassing levels from earlier quarters. However, this has also brought heightened volatility. According to Coinglass, more than $494 million was liquidated in the leveraged market in the past 24 hours, with long positions accounting for $366 million of the total losses.</p>   
<p>Bitcoin and Ethereum saw the largest liquidations, but altcoins also faced significant hits. Dogecoin (DOGE), Stellar Lumens (XLM), and XRP recorded liquidations of $34 million, $18 million, and $30 million, respectively, reflecting the volatile conditions in the market.</p>   [post_titles_links postid="384728"]   
<h2 class="wp-block-heading" id="h-will-altcoins-soar-soon">Will Altcoins Soar Soon? </h2>   
<p>As Bitcoin edges closer to the crucial<a href="https://coinpedia.org/news/can-bitcoin-price-rise-above-99k-today-indicators-turn-green-despite-pullback-below-96k/" target="_blank" rel="noreferrer noopener"> $100,000 milestone</a>, altcoins are expected to lead the market's next major gains.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/cryptomichnl/status/1860682533387882870?s=46 
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<p><a href="https://coinpedia.org/news/bitcoin-dominance-peak-is-altcoin-season-here-or-still-a-long-way-off/" target="_blank" rel="noreferrer noopener">Bitcoin's dominance</a> recently reached 61%, but analysts suggest a reversal could be on the horizon, creating more room for altcoins to outperform in the coming weeks.</p>   
<p><strong>Whales Are Betting Big </strong></p>   
<p>On-chain data reveals that whale traders are heavily accumulating altcoins in anticipation of a significant rally. Ethereum (ETH) and other leading altcoins have already broken out of long bearish consolidations, signaling the start of a potential altseason. Experts predict this phase could peak in early 2025, with most altcoins positioned for substantial growth.</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732515226716">
  <strong class="schema-faq-question">Is liquidation good in crypto?</strong> 
  <p class="schema-faq-answer">Liquidation in crypto is generally unfavorable, as it indicates traders losing their positions due to insufficient margin, often amplifying market volatility.</p> 
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</div>   
<p><strong>As both retail and institutional investors prepare for this phase, the market could see explosive activity in the months ahead. Stay tuned to Coinpedia for all the updates! </strong></p>

Crypto Liquidations Hit $494M: Bitcoin Suffers, but Can Altcoins Surge Next?

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