Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Crypto Market Crash! Bitcoin nears 100K, ETH, XRP, SOL, DOGE Falling

Crypto Market Crash! Bitcoin nears 100K, ETH, XRP, SOL, DOGE Falling

CryptotimesCryptotimes2025/06/22 16:48
By:Jahnu JagtapKritika Mehta

The Crypto Market is bracing for a crash as Bitcoin ( BTC) teeters dangerously  close to the $100,000 mark, a level that could trigger panic selling. The fear is not just from within the ecosystem as global conflicts such as the Israel-Iran war have escalated again, right after the India-Pakistan conflict.

Currently trading at $102,730 Bitcoin has already dropped 2.58% in the past week, and market sentiment is shifting towards bearish sentiment as BTC has breached its $104k support. With the increasing selling pressure bulls are struggling to keep up with price and may soon let bears have the complete field.

$680M in Total Liquidations, ETH tops the Pain Chart

Over $680 million in crypto long and short positions were liquidated in the last 24 hours, with more than 172,000 traders wrecked. The single largest liquidation order was of $9.15 million,  recorded on HTX involving ETH/USDT pair.

Crypto Market Crash! Bitcoin nears 100K, ETH, XRP, SOL, DOGE Falling image 0 Liquidation Heatmap | Source: Coinglass

Ethereum (ETH) is leading the slide, losing over 5.71% in 24 hours to $2,268. In these 24 hours alone, ETH saw staggering $282 million in liquidations, according to heatmap charts. This nearly doubles Bitcoin’s $151.69 million wipeout, signalling that ETH bulls are taking the brunt of the downturn.

  • Ethereum: trading at $2271, Liquidated  $282 million liquidated
  • Bitcoin: trading at $102,730, liquidated $151.6 million
  • Solana: trading at $135, liquidated $28.9 million
  • XRP: trading at 2.07, liquidated 21.9 million
  • Doge: trading at $0.156, liquidated 10.8 million

As all these cryptos are near their major support zones, bitcoin breaking the $100k support can ignite a market crash. 

Altcoin Breakdown: Red Sea Widening

As BTC weakens, altcoins are falling even harder. XRP is already down 2.15% today and Cardano has dropped 4.79% trading at $0.55, as a matter of fact it is already down 12% in the week. As mentioned above doge coin and Solana are also losing momentum. 

With the market volume and sentiment deteriorating across the board,  socially trending alt coins and memecoins have already felt the jitters as they have begun to fall over 15%. Pi coin is down 17.5%, Pepe coin is also down 17.4%. Dog with hat (WIF) and FLOKI both are down 15%.

Ethereum’s massive sell-off is pulling the market down with it, and a sharp decline in altcoin prices increases the risk of overall crypto market crash.

BTC at $100K: The Last Support?

If Bitcoin decisively breaks the $100,000 support, analysts warn that a cascade of further liquidations could follow, potentially dragging major altcoins down as it always does. Technical Indicators including ETH and SOL, are showing bearish breakdowns from support levels, while volatility spiking.

James Taledano, COO of Unity wallet said, “The mixed view of whether BTC will go above $110,000 again or drop into the $90,000 area doesn’t surprise me at all and underscores the overall indecision people and market feel.”

Analyst Crypto Capo had recently given critical comments saying, “ We haven’t seen anything yet, Altcoins are already dropping hard, even though Bitcoin is still above $100K.”  

What’s Next?

Investors should watch for: 

  • BTC’s Behaviour at $100K psychological support
  • Ethereum testing the $2,200 zone
  • Alt Coins like XRP and ADA breaking June Lows
  • Surge in Short positions and potential flash crashes.
Follow The Crypto Times on Google News to Stay Updated!
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

ESUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/16 11:12

New spot margin trading pair — CROSS/USDT, TAC/USDT!

Bitget Announcement2025/07/16 08:07

Subscribe to TANSSI Savings and enjoy up to 15% APR

Bitget Announcement2025/07/15 11:00

TACUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/15 10:40