Emre Yumlu 
The crypto market experienced intense volatility over the past 24 hours. So, what happened in the markets? Let’s take a look at the liquidation, Ethereum price, and Bitcoin dominance.
Over $814 Million in Liquidation in 24 Hours!
How about liquidation? It’s been a tough period for investors, with 174,069 traders getting liquidated. In total, more than $814 million worth of positions were wiped out, with significant losses occurring especially in leveraged trades.
What Do These Liquidations Mean?
The high number of liquidations seen in the past 24 hours is mostly due to excessive leverage in short and long positions. During major price swings, liquidations can act as a trigger, further increasing volatility. This is a time when market participants need to be extra cautious and prioritize risk management.
Ethereum Breaks Key Threshold, Surpasses $3,600
One of the most notable developments came from Ethereum (ETH). The leading altcoin reached $3,618, marking a 3.71% daily increase. This is the first time since January 7, 2025, that Ethereum has surpassed the $3,600 level. Seen as a psychological resistance level by many traders, continued upward momentum could lead ETH towards the $3,800–$4,000 range.
Bitcoin Dominance Declines
Meanwhile, Bitcoin is trading around $118,628, with a slight daily drop of -0.40%. However, the key development was in Bitcoin’s market dominance, which fell below 62% for the first time since May 14, 2025. This could signal a renewed wave of activity across the altcoin market.
This article does not constitute investment advice. Crypto markets are highly risky, and it’s essential to do your own research before making any investment decisions.
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