Bitcoin, Ethereum, XRP, Solana Sink, 413,029 Leveraged Traders Lose $1.2 billion

Bitcoin suffered heavy losses in Monday’s trading session. The top cryptocurrency momentarily fell near $100,000, a 4–5% decrease over 24 hours. According to Binance data, ADA and DOGE experienced double-digit losses, while ETH SOL and BNB turned the crypto space into the Red Sea.

Coinglass data showed 413,029 traders were liquidated for the day, the total liquidations come in at $1.2 billion. The largest single liquidation order happened on Binance – BTCUSDT valued at $15.24 million.

The BTC/USD pair saw a significant selloff at the start of the week, initially encountering resistance in the $102.5K range. After breaking through the crucial 100.5K level, this downward pressure led to a deeper retracement and briefly near the psychological $100k threshold.  The crypto community is alarmed by this sharp drop, which increased concerns about sustained bearish momentum.

The TRUMP coin, the most-traded digital asset on Binance over the weekend, reportedly lost liquidity to the MELANIA token and surged to$13. Some analysts believe that the wild trading in TRUMP and MELANIA coins is a sign of the bull market’s FOMO phase and may cause a higher correction in Bitcoin.

Trump’s memecoin launch is seen by many analysts and executives in the crypto industry as a sign that the sector will grow significantly under the next president. The launch of the meme coin has been described by critics as a political “grift” as many other celebrity meme coins will probably see a sharp decline in value.

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ABOUT THE AUTHOR See More
Olumide Adesina
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.
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