As per the onchain analytics platform CoinGlass, crypto positions worth $971.06 million got liquidated in an hour. $956 million in long and $15 million in short positions got wiped out. Bitcoin (BTC) led the rout with $507 million, followed by Ethereum (ETH) with $195 million.

The Crypto Fear & Greed Index fell to 11 on Monday — deep within “extreme fear” territory and its lowest reading since late 2022.

Hayes, blaming bitcoin’s slump on a liquidity crunch engineered by the U.S. Federal Reserve and Treasury, said bitcoin could surge back to over $200,000 before the end of the year if dollar liquidity conditions change, branding bitcoin “the free-market weathervane of global fiat liquidity.”

Rental Coins, a collapsed Brazilian crypto company, has filed for Chapter 15 bankruptcy in the U.S. to help it recover assets, Bloomberg Law recently reported. Chapter 15 is designed for cross-border insolvency cases, allowing foreign companies undergoing bankruptcy proceedings abroad to protect their U.S.-based assets.

Other major cryptocurrencies like Ethereum, Ripple, Solana, Binance, Tether, Dogecoin and Cardano have also suffered significant losses.

After strong growth throughout much of the spring and summer, the world’s most popular cryptocurrency is now roughly flat for 2025.

Bitcoin’s modest rebound after its drop from $89,000 lifted several crypto-exposed stocks, despite broader market uncertainty.

Will crypto options expiry more selloffs after $1 billion in Bitcoin, ETH, SOL, XRP, DOGE and altcoins liquidations?

Bitcoin price remained under pressure on Thursday as investors remained in the sidelines amid elevated fear. BTC was trading at $91,940

Bitcoin, the world’s largest cryptocurrency, was back below $90,000 on Wednesday — a level last seen in the wake of President Trump’s April 2 “liberation day” tariffs that pummeled stocks and riskier corners of financial markets.

The total crypto market cap slipped below $3 trillion on Nov. 20 as the digital assets market continued to reel. As per onchain analytics firm CoinGlass, more than 215,000 crypto traders have been liquidated and over $820 million has been wiped out from the market.