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

Analisis Teknikal Pergerakan Harga Harian Cryptocurrency Uniswap, Jumaat 14 Mac 2025.

Dari apa yang dilihat pada carta 4-jam bagi mata wang kripto Uniswap, walaupun kini masih berada di bawah tekanan, ia ditunjukkan oleh pergerakan harga yang bergerak di bawah EMA (21)

Arief Makmur 07:03 2025-03-14 UTC+2

Analisis Teknikal Pergerakan Harga Intraday Matawang Kripto Doge, Jumaat 14 Mac 2025

Dengan kemunculan penumpuan antara pergerakan harga mata wang kripto Doge dan penunjuk Pengayun Stochastic, ia memberikan isyarat bahawa dalam masa terdekat, Doge berpotensi untuk mengukuh ke arah atas, di mana

Arief Makmur 07:03 2025-03-14 UTC+2

Cadangan Dagangan untuk Pasaran Kripto pada 13 Mac

Bitcoin dan Ethereum dikunci dalam saluran baru. Di sebelah positifnya, tekanan jual yang kuat yang diperhatikan pada permulaan minggu telah berkurang. Namun, terdapat kebimbangan mengenai potensi pertumbuhan lanjut Bitcoin, memandangkan

Miroslaw Bawulski 08:05 2025-03-13 UTC+2

Bitcoin Bersedia untuk Kemunculan Semula

Apabila Bitcoin dan Ether melantun semula dengan kuat dari paras terendah tahunan mereka, ini menunjukkan bahawa pasaran menaik belum berakhir. Dalam konteks ini, Senator Cynthia Lummis telah memperkenalkan semula rang

Jakub Novak 23:59 2025-03-12 UTC+2

Cadangan Perdagangan untuk Pasaran Kriptowang pada 12 Mac

Bitcoin dan Ethereum telah mengalami sedikit pemulihan setelah satu lagi jualan besar, mencapai paras terendah baru tahun ini. Kepanikan yang dilihat dalam kedua-dua pasaran saham AS dan pasaran mata wang

Miroslaw Bawulski 08:03 2025-03-12 UTC+2

Cadangan Dagangan untuk Pasaran Mata Wang Kripto pada 11 Mac

Bitcoin dan Ethereum kedua-duanya telah mencapai paras terendah tahunan baharu, mencerminkan penurunan dalam pasaran saham AS, yang kini telah jatuh untuk minggu keempat berturut-turut. Semalam, pasaran kripto mengalami penjualan besar-besaran

Miroslaw Bawulski 09:03 2025-03-11 UTC+2

Analisis BTC/USD – 11 Mac: Adakah Penurunan Bitcoin Telah Berakhir?

Struktur gelombang pada carta 4 jam BTC/USD kelihatan cukup jelas. Selepas penyempurnaan aliran menaik lima gelombang, pasaran kini memasuki fasa penurunan, yang pada masa ini kelihatan sebagai gelombang pembetulan. Berdasarkan

Chin Zhao 08:39 2025-03-11 UTC+2

Bitcoin dalam Risiko: Adakah Aliran Akan Berubah Selepas Pembubaran Besar-Besaran?

Beberapa minggu terakhir telah menjadi cabaran besar bagi Bitcoin. Dalam hanya beberapa hari, harganya jatuh di bawah $85,000, mencetuskan gelombang pembubaran dan menimbulkan panik di kalangan pelabur. Kejatuhan ini mewakili

Ekaterina Kiseleva 00:16 2025-03-11 UTC+2

Analisis BTC/USD – 10 Mac

Struktur gelombang 4 jam bagi BTC/USD adalah cukup jelas. Selepas selesai satu aliran menaik lima gelombang, pasaran kini bergerak ke dalam fasa pembetulan menurun. Berdasarkan ini, saya tidak menjangkakan Bitcoin

Chin Zhao 11:51 2025-03-10 UTC+2

Bitcoin dan Ethereum Menunjukkan Volatiliti yang Sangat Tinggi

Permintaan dalam pasaran mata wang kripto kekal, namun setiap percubaan Bitcoin dan Ethereum untuk berkembang dihadapi dengan penjualan. Sejak Isnin lalu, sewaktu volatiliti harga Bitcoin mencapai tahap tertinggi tahun

Jakub Novak 09:11 2025-03-10 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.