empty
26.02.2025 02:16 PM
Crypto market overwhelmed by panic selling due to Trump' tariffs and hack at Bybit

Massive liquidations of long positions and mounting market fear

The latest developments in the cryptocurrency market triggered a record drop in prices and massive long position liquidations. According to the latest data, the total amount of liquidated positions exceeded $1.34 billion. This phenomenon, known as forced liquidation, occurs when sharp price fluctuations lead exchanges to automatically close leveraged positions due to insufficient margin collateral.

This image is no longer relevant

Massive liquidations of long positions and mounting market fear

The latest developments in the cryptocurrency market triggered a record drop in prices and massive long-position liquidations. According to the latest data, the total amount of liquidated positions exceeded $1.34 billion. This phenomenon, known as forced liquidation, occurs when sharp price fluctuations lead exchanges to automatically close leveraged positions due to insufficient margin collateral.

The Greed&Fear index sank to 21 out of 100, signaling a sharp burst in investor anxiety. In a panic-driven market, asset holders rush to sell their crypto assets, further accelerating declines in market quotes.

The leading exchanges with the highest liquidation volumes were:

Bybit – $500 million in liquidations

Binance – $246 million in liquidations

Most traders were betting on a rally in crypto assets, but the sudden market downturn led to heavy losses among market participants.

Trump's tariffs and their impact on the crypto market

The sharp drop in digital assets came in response to Trump's newly introduced tariffs on Canada and Mexico, causing an immediate market crash:

Bitcoin (BTC) fell below $90,000. The total market lost over $230 billion

Experts note that cryptocurrencies remain high-risk assets, often mirroring stock market behavior, unlike traditional safe-haven assets such as gold.

Bybit hack: the largest cyberattack on a crypto exchange

Another major factor pressuring the market was the recent hack of Bybit, one of the largest digital asset trading platforms. On February 21, 2025, hackers gained access to Bybit's cold wallet, which stored Ethereum holdings, and grabbed $1.4 billion worth of crypto.

At the time of the attack, Bybit handled over 6% of the global trading volume, making this the largest cyberattack in crypto industry history. The incident badly impacted Ethereum's price, fueling panic selling across the market.

Crypto market outlook: panic or opportunity?

Despite the heavy losses, some investors view the current decline as a long-term buying opportunity.

Bitcoin and other major cryptocurrencies remain above key support levels, although Ethereum (ETH/USD) remains under pressure, currently trading in a mid-term bearish zone but still holding within a long-term bullish trend above $2,290.

This image is no longer relevant

Key support levels for major crypto pairs:

BTC/USD: above $85,600 (EMA 200 on the daily chart)

LTC/USD: above $98.65 (EMA 200 on the daily chart)

XRP/USD: above $1.8025 (EMA 200 on the daily chart)

Ethereum remains "deeply depressed" as ETH/USD continues to trade within a mid-term bearish trend, but it still holds a long-term bullish position above $2,290 (EMA 200 on the weekly chart). The recent Bybit hack and the theft of Ethereum played a significant role in this persistent selling pressure on ETH.

Conclusion

The crypto market has once again been overwhelmed by extreme volatility, driven by geopolitical and economic factors. Trump's new tariffs and the massive Bybit hack have shaken investor confidence and triggered large-scale liquidations. However, long-term investors still see cryptocurrencies as promising assets, despite short-term turmoil.

The big question: crisis or buying opportunity?

Will the current events lead to a prolonged market downturn, or will they serve as an entry point for new investors? The coming weeks will determine how resilient digital assets remain in the face of global challenges. For long-term Bitcoin fans, price dips represent a strategic opportunity to accumulate assets, as they remain confident in BTC's long-term potential outweighing short-term volatility.

Pilih carta masa
5
min
15
min
30
min
1
jam
4
jam
1
hari
1
minggu
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN

Artikel yang dicadangkan

Cadangan Dagangan untuk Pasaran Mata wang Kripto pada 8 Mei

Bitcoin mencapai harga di bawah $100,000, manakala Ethereum mencecah $1,900. Peningkatan besar dalam pasaran mata wang kripto ini sekali lagi mengesahkan pandangan optimis terhadapnya, yang telah banyak dibincangkan kebelakangan

Miroslaw Bawulski 09:22 2025-05-08 UTC+2

Bitcoin di Ambang Keputusan: Penembusan Baharu atau Isyarat Pembalikan?

Harga Bitcoin kini berada berhampiran paras psikologi penting, manakala para peserta pasaran sedang bersedia untuk satu lagi lonjakan menaik atau sebaliknya, satu pembalikan mendadak yang mampu menghapuskan jangkaan kenaikan jangka

Ekaterina Kiseleva 01:16 2025-05-08 UTC+2

Pasaran kripto dibuka dengan pertumbuhan yang memberangsangkan

Niaga hadapan indeks saham AS melonjak dengan ketara pada pembukaan sesi dagangan hari ini susulan berita bahawa wakil-wakil dari AS dan China telah menyambung semula rundingan mengenai perkara perdagangan. Laporan

Jurij Tolin 14:14 2025-05-07 UTC+2

Cadangan Dagangan untuk Pasaran Matawang Kripto pada 7 Mei

Bitcoin dan Ethereum Menunjukkan Pertumbuhan Lebih Jauh Di Tengah Berita Legislasi Kripto Positif Bitcoin kini diperdagangkan pada $96,700, setelah pulih dari paras terendah $93,400, manakala Ethereum telah pulih ke kawasan

Miroslaw Bawulski 10:32 2025-05-07 UTC+2

Bitcoin Mengumpul Kekuatan: Pasaran Bersedia untuk Gelombang Seterusnya

Bitcoin kini didagangkan dalam lingkungan $93,000–$94,000, kira-kira 0.5% di bawah paras tertinggi tempatan terkininya sebanyak $97,900, yang direkodkan pada 2 Mei. Volatiliti telah berkurang, dan pasaran nampaknya berada dalam keadaan

Ekaterina Kiseleva 01:23 2025-05-07 UTC+2

Cadangan Dagangan untuk Pasaran Mata Wang Kripto pada 6 Mei

Bitcoin dan Ethereum menghabiskan hari dalam saluran mendatar, walaupun terdapat tanda-tanda penjualan aktif semasa sesi Amerika semalam yang menimbulkan beberapa persoalan tentang prospek kenaikan jangka pendek instrumen perdagangan tersebut. Bitcoin

Miroslaw Bawulski 09:11 2025-05-06 UTC+2

Bitcoin Kehilangan Kedudukan dan Berada di Ambang Bahaya: Perangkap $95,000

Bitcoin sekali lagi berada di bawah tekanan. Pada hari Isnin, harga mata wang kripto terbesar di dunia jatuh di bawah $95,000, dan ini lebih daripada sekadar pembetulan biasa. Ia adalah

Ekaterina Kiseleva 00:50 2025-05-06 UTC+2

Rang undang-undang stablecoin dalam bahaya

Bitcoin dan Ethereum telah menurun, dan pasaran mata wang kripto yang lebih luas memberi reaksi negatif kepada berita bahawa GENIUS Act yang bipartisan—Guiding and Enabling National Innovations for Unleashing Stablecoins—dijangka

Jakub Novak 15:04 2025-05-05 UTC+2

Cadangan Dagangan untuk Pasaran Mata Wang Kripto pada 2 Mei

Pembeli Bitcoin dan Ethereum telah mencapai tahap rintangan utama baru, menunjukkan permintaan yang kukuh. Bitcoin telah mencapai tahap $97,400, manakala Ethereum menghampiri tahap $1,870. Sementara itu, perbincangan mengenai stablecoin semakin

Miroslaw Bawulski 09:15 2025-05-02 UTC+2

Analisis Teknikal Pergerakan Harga Harian Mata Wang Kripto Chainlink, Jumaat 02 Mei 2025.

Dengan kemunculan corak 123 Menaik yang disusuli oleh kemunculan Ross Hook Menaik yang berjaya menembusi garisan aliran menurun sebelumnya, serta penunjuk Pengayun Stochastic yang turut berada dalam keadaan Crossing

Arief Makmur 08:01 2025-05-02 UTC+2
Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.