Haciyev Reşit 
Bitcoin (BTC) remained calm over the weekend, but on Monday morning, it dropped sharply to around $115,000, marking an 11-day low. This decline triggered approximately $500 million in liquidations in the market, causing significant losses for cryptocurrency investors.
Sharp Decline in Bitcoin and Altcoins
Bitcoin, which had been relatively flat toward the end of the week, moved sharply downward as U.S. futures markets reopened and selling pressure emerged during Asian trading hours. This decline affected not only BTC but also major altcoins:
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Ethereum (ETH) dropped 3% to $4,300.
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XRP fell back from the long-tested critical $3 resistance level.
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Solana (SOL) and Dogecoin (DOGE) lost 4–5% on the day.
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Chainlink (LINK), contrary to the market trend, rose 5%.
Impact of Geopolitical Developments
Experts say much of this volatility is linked to recent developments in the Russia-Ukraine war. No definitive agreement was reached in talks between former U.S. President Donald Trump and Vladimir Putin regarding the end of the conflict. However, Trump noted that “significant progress has been made on Russia,” drawing market attention.
In another statement over the weekend, Trump emphasized that Ukrainian President Volodymyr Zelenskyy is decisive in the war’s outcome:
“If the President of Ukraine wishes, he can almost instantly end or continue the war with Russia. Issues like NATO membership and Crimea will never change.”
These remarks increased global uncertainty and reduced investors’ risk appetite.
Massive Spike in Liquidations
According to crypto data provider CoinGlass, the recent correction wave liquidated positions totaling over $450 million. Long positions were particularly hard hit, with more than 115,000 traders facing liquidations in the past 24 hours.
Although Bitcoin has managed to hold around $115,000 for now, analysts believe the downside risk persists. Upcoming talks between U.S. and European leaders could prove decisive both on the geopolitical front and in financial markets.
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