Investor Michael Burry warned of a possible 'death spiral' after tokenized silver futures posted one of the sharpest losses in crypto, with liquidations overtaking usual leaders Bitcoin and Ether. The move highlights growing volatility in tokenized commodity markets and contagion risk for crypto portfolios.
Bitcoin has dropped roughly 10% this month as leveraged positions are flushed and open interest falls sharply. The deleveraging eases immediate downside risk but keeps the market fragile.
Mass liquidations hit BTC, ETH and SOL markets after BTC perpetuals plunged to zero, and DEX Paradex performed a blockchain rollback to protect user funds. The move underscores rising counterparty and protocol risks in derivatives trading.
The EU said it would pursue strong retaliatory measures against the U.S. after President Trump’s new tariffs, a development that coincided with a sharp crypto market sell-off and widespread liquidations. Traders and exchanges reported heavy forced selling as risk-off sentiment swept across markets.
Crypto markets fell as tariff concerns pushed investors into safe havens and about $600 million in long positions were liquidated, while gold climbed to a record high.
Dogecoin saw higher liquidations than Bitcoin over the last hour after an explosive 23,354% price spike, producing a sharp liquidation imbalance favoring DOGE.
Bitcoin dropped roughly 5% after about $2 billion in institutional sell orders hit the market, sparking widespread liquidations and sharp intraday volatility. Derivatives desks saw elevated long liquidations and spiking funding rates.
On-chain metrics show Solana's liquidity has dropped back to bear‑market levels, leaving roughly $500 million in long positions exposed if the price falls another 5.5%.
Crypto markets tumbled after Japan’s 10-year government bond yield spiked to its highest level since 2008, prompting about $640 million in liquidations. The move ignited a global risk-off reaction that forced leveraged positions across exchanges to close.
Bitcoin fell roughly 5% to $86,950 on Sunday (Nov. 30), triggering about $539 million in liquidations and closing out its weakest November since 2018.