More than 172,000 traders were liquidated in one day as Bitcoin’s losses piled up. pushing the cryptocurrency out of the top 10 largest assets in the world, measured by market capitalization. Bitcoin now ranks 13th, behind gold, NVIDIA, AppleMicrosoft and Silver, among others.
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Longs takes the brunt
The total number of crypto liquidations within 24 hours reached $921 million Bitcoin worth $352 million alone. Ethereum followed at $241 million, while XRP, ZEC, HYPE, SUI, DOGE and NEAR posted the remaining losses.
More than 90% of all liquidations were long positions, a sign that traders had bet on a price recovery that would never come – leading to forced selling rather than new bearish bets.
Four-hour liquidations totaled $95 million, with longs at $55 million and shorts at $39 million. Through exchanges, Hyperfluid and Bybit saw heavy long liquidations, OKX trended towards short liquidations and Binance recorded equal long-short positions.
Bitcoin was trading around $73,125 at the time of writing, down 1.70% in 24 hours and down 5% in the past week. The intraday range extended from $72,485 to a high of $75,280.
A broader market shift
The broader crypto market moved in the same direction. Ethereum According to data from Coingecko, this week the price fell 5.60%, BNB fell 2.50% and XRP fell 3.15%. Tether fell only 0.005%.
In the meantime, gold ranked first worldwide with a market capitalization of over $31 trillion, based on CompaniesMarketCap facts. NVIDIA, Google, Apple and Microsoft followed.
The AI-driven demand has remained NVIDIA and Broadcom have been among the strongest performers in recent months, while gold and silver have attracted buyers seeking stability.
Bitcoin’s total market cap is roughly $1.47 trillion – significant by most standards, but no longer enough to put it in the top 10 alongside the world’s largest companies and commodities.
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Bearish signals across the board
Technical indicators paint a gloomy picture. On the 1-day chart, 10- to 200-period moving averages all indicate negative momentum, according to data from TradingView. The oscillator group is mixed: the RSI is at 3 6, which is considered neutral, but two other oscillators are flashing sell signals.
Whether Bitcoin can climb back into the top 10 will depend heavily on the price action in the coming weeks. Reports indicate that a sustained move above $75,000 could help restore market confidence, while a break below key support levels could extend the current decline.
Featured image from Bitpanda Blog, chart from TradingView