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.
Nearly $2 billion in crypto positions were liquidated over the last 24 hours as total market capitalization slipped under $3 trillion for the first time in five months, signaling a sharp wave of deleveraging and heightened volatility.
Ethereum reclaimed $3,100 after a brief dip as a decade‑old wallet reactivated and large liquidations — including a reported $4M sell-off by Hayes — shook the market. The move leaves short‑term sentiment positive but cautions remain.
MicroStrategy Executive Chairman Michael Saylor told Grant Cardone that bitcoin has stabilized and the market has likely hit its bottom. He said most forced selling and liquidation pressure has already been cleared from the market.
Ethereum plunged as liquidations topped $1.2B and ETF outflows accelerated; collapsing rate-cut expectations have weakened risk appetite and may leave ETH room to fall further. Technicals show the RSI is not yet oversold, keeping $2,700 in play as a possible next support.
Bitcoin tumbled to $96,000 amid surging ETF outflows, while roughly $1 billion was liquidated across ETH, XRP and Dogecoin. The Crypto Fear and Greed Index slipped to 22, signaling acute market fear.