Global #liquidations

Bitcoin (BTC) is trading at $57,500, reflecting a 1.5% drop in the past day and nearly a 10% decrease over the past week. Despite holding a market cap of $1.1 trillion and commanding a 54% market dominance, the largest cryptocurrency is experiencing significant volatility.

In early trading hours, Bitcoin (BTC) surged above $60,000 before experiencing volatile swings within the $58,500 to $59,700 range. This fluctuation coincided with Marathon Digital Holdings Inc.'s announcement of a $250 million debt offering to acquire more Bitcoin, which significantly impacted market sentiment.

According to a recent report from on-chain analyst EmberCN, a significant downturn in Ethereum (ETH) prices has triggered a series of liquidations among leveraged ETH whales.

The cryptocurrency market has recently experienced significant turbulence, leading to a wave of liquidations across major assets. Over the past few days, $193 million worth of crypto long positions have been liquidated as Bitcoin and other leading cryptocurrencies face extreme volatility.

The cryptocurrency market experienced a sudden downturn, with Bitcoin and Ethereum leading the decline. This price drop triggered a wave of liquidations, totaling $250 million within a 24-hour period.

Dogecoin, the once-mighty meme coin, is facing choppy waters. Its price tumbled to $0.10, triggering a surge in liquidations for leveraged traders. This raises a crucial question: what's next for DOGE?