In the past day, approximately 1.28 billion USD in liquidations struck the cryptocurrency market, impacting over 386,000 traders. The majority originated from long positions, which accounted for 816 million USD, compared to only 307 million USD from short positions.
Bitcoin traded around 103,500 USD after a brief spike to 109,000 USD, showing a minor decline of 2.2%. In contrast, major altcoins struggled; solana plunged over 9%, while cardano fell by more than 5%. This illustrates a significant market shift.
As market volatility persists, analysts speculate about a potential U.S. Bitcoin Strategic Reserve, with a 38% probability of President Trump initiating this plan within his first 100 days. However, such moves would require substantial planning and collaboration.