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Bitcoin News Update: Despite $2.95 Billion in Crypto Liquidations, Blazpay's Presale and Chainlink Partnerships Stand Strong Against Market Volatility

Bitcoin News Update: Despite $2.95 Billion in Crypto Liquidations, Blazpay's Presale and Chainlink Partnerships Stand Strong Against Market Volatility

Bitget-RWA2025/10/29 19:10
By:Bitget-RWA

- Crypto markets saw $2.95B in 24-hour liquidations, led by a $6.09M ETH-USD unwind on Hyperliquid, per Coinotag. - 140,507 traders faced margin calls, with short positions dominating losses amid Bitcoin/Ethereum price declines. - Blazpay's $925K presale and Chainlink's institutional partnerships offered rare stability during the sell-off. - $77.5M long liquidations and $15.3M short liquidations in 4 hours highlighted leveraged position fragility. - Analysts warn high-liquidity venues like Bybit/Hyperliqui

In late October 2025, the cryptocurrency market witnessed a significant spike in liquidations, with more than $2.95 billion in leveraged positions erased within just 24 hours, as reported by

. The most substantial single liquidation, totaling $6.09 million on Hyperliquid's ETH-USD pair, highlighted the intense volatility in the derivatives sector, according to Coinotag. During this period, over 140,507 traders worldwide were hit with margin calls, with the majority of losses stemming from short positions, the same report indicated.

This wave of liquidations happened alongside mixed signals from the wider crypto landscape. For the first time in several weeks,

ETFs outperformed , attracting $246 million in new investments compared to Bitcoin’s $202 million, based on a . However, price movements painted a different picture: Bitcoin dropped by 1.06% to $112,701, while Ethereum slipped 2.15% to $4,010, reflecting persistent pressure from leveraged trades and broader economic uncertainty, Coinpedia noted.

Bitcoin News Update: Despite $2.95 Billion in Crypto Liquidations, Blazpay's Presale and Chainlink Partnerships Stand Strong Against Market Volatility image 0

Chainlink (LINK) demonstrated strength despite the broader downturn. Collaborations with major organizations such as ANZ, China AMC, and Fidelity International have broadened its practical applications, while derivatives data from Coinglass pointed to a bullish sentiment, according to an

. LINK’s price hovered around $17.83, and technical analysis suggested a potential move above $23 if crucial resistance levels are maintained, FXStreet noted.

The recent liquidation figures underscore the vulnerability of leveraged positions in the crypto sector. In the last four hours alone, $77.5 million in long positions and $15.3 million in shorts were liquidated, with Bybit’s BTCUSD pair seeing the largest single liquidation at $11 million, according to a

. Experts caution that the concentration of risk on high-liquidity platforms like Hyperliquid and Bybit could intensify future market swings, as highlighted in a separate Coinotag analysis.

As these trends unfold, investors are paying close attention to ETF inflows and the pace of institutional involvement. The balance between speculative activity and underlying growth is expected to shape the next stage of the 2025 crypto market cycle.

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