{"id":126426,"date":"2026-07-28T04:35:25","date_gmt":"2026-07-28T04:35:25","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=126426"},"modified":"2026-07-28T04:35:25","modified_gmt":"2026-07-28T04:35:25","slug":"700-million-in-liquidations-as-btc-eth-xrp-plunge-ahead-of-fomc","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=126426","title":{"rendered":"$700 Million in Liquidations as BTC, ETH, XRP Plunge Ahead of FOMC"},"content":{"rendered":"
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Bitcoin\u2019s Monday rally that drove it to $65,600 on a couple of occasions has come to a screeching halt, as the asset has not only erased all gains but plummeted even more to a ten-day low.<\/p>\n

Most altcoins have followed suit, which has skyrocketed the daily liquidations to approximately $700 million.<\/p>\n

\"BTCUSD<\/a>
BTCUSD July 28. Source: TradingView<\/figcaption><\/figure>\n

The chart above paints a clear and painful picture. BTC had maintained $64,000 over the weekend before it jumped to a multi-day peak of $65,600 on Monday. It tried to take down that resistance twice, but it was stopped each time.<\/p>\n

The second rejection was quite violent as it drove the asset south by nearly $3,000 in hours. Thus, BTC plummeted to $63,000 for the first time since July 17.<\/p>\n

Popular analyst CRYPTOWZRD weighed in<\/a> on the latest move south, indicating that the largest digital asset had closed bearish. They believe it\u2019s essential for BTC to remain above the currently tested support at $63,000; otherwise, it could slump to new local lows.<\/p>\n

ETH was yesterday\u2019s top gainer, surging to a two-month peak<\/a> of $1,980. However, it has lost $100 since then and now sits well below $1,900. XRP has dumped by 4.5% to $1.06, thus slipping below the coveted $1.10 support. SOL is down by a similar percentage, while HYPE has plummeted by 6%.<\/p>\n

Expectedly, this big market move has harmed over-leveraged traders, as more than 165,000 such participants have been wrecked in the past 24 hours. The total value of liquidated positions has risen to almost $700 million on a daily scale. Naturally, BTC and ETH lead the pack.<\/p>\n

\"Liquidation<\/a>
Liquidation Data on CoinGlass<\/figcaption><\/figure>\n

This morning\u2019s market crash comes just a day before the US Federal Reserve is scheduled to announce its interest rate decision, and the uncertainty around a potential hike has harmed risk-on assets like crypto.<\/p>\n

The post $700 Million in Liquidations as BTC, ETH, XRP Plunge Ahead of FOMC<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s Monday rally that drove it to $65,600 on a couple of occasions has come to a screeching halt, as the asset has not only erased all gains but plummeted even more to a ten-day low. Most altcoins have followed suit, which has skyrocketed the daily liquidations to approximately $700 million. BTCUSD July 28. Source: […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-126426","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/126426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126426"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/126426\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}