{"id":14828,"date":"2025-02-25T07:02:25","date_gmt":"2025-02-25T07:02:25","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14828"},"modified":"2025-02-25T07:02:25","modified_gmt":"2025-02-25T07:02:25","slug":"200-billion-exits-crypto-space-as-markets-plunge-to-support","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14828","title":{"rendered":"$200 Billion Exits Crypto Space as Markets Plunge to Support"},"content":{"rendered":"
\n

Crypto market capitalization is down 8% on the day, plunging below $3.1 trillion on Feb. 25 following a wipeout of almost $200 billion in 24 hours.<\/p>\n

This is the lowest markets have been since mid-November, obliterating almost all gains since Donald Trump\u2019s election victory.<\/p>\n

Total cap is now teetering on longer-term support levels, and a fall below $3 trillion will see these levels broken and a potential end to the bull market.<\/p>\n

$1B in Liquidations<\/h2>\n

Coinglass reported<\/a> that more than 314,000 traders have been liquidated over the past 24 hours to the tune of almost a billion dollars.\u00a0Over 90% of the liquidations were in long positions and the largest single liquidation order happened on BitMEX with $10 million worth of Bitcoin.<\/p>\n

Bitcoin dumped more than 5% in a matter of hours, falling from $96,000 to $91,000, its lowest level since mid-January. At the time of writing it appeared to have found support there and reclaimed $91,500 during the Tuesday morning Asian trading session.<\/p>\n

Ethereum lost around 10%, falling back below $2,500. However, it is showing little signs of a recovery bounce<\/a>.<\/p>\n

The Altcoins have been obliterated<\/a> with double-digit losses for Solana (SOL), which is now down more than 50% in a little over a month following the meme coin bubble<\/a> bursting.\u00a0Chainlink (LINK), Avalanche (Avax), Sui (SUI), and Hyperliquid (HYPE) were also in double-digit losses this morning.<\/p>\n

Analysts are generally unfazed, having seen this market behavior many times before.<\/p>\n

\n

Prepare for both scenarios, well in advance.<\/p>\n

If you\u2019re caught by this move, feeling unsure about what to do, it means you didn\u2019t have a plan.<\/p>\n

Low $90ks is the first leg of my plan, and the air-pocket below $86k is the second.<\/p>\n

Higher eventually, have a plan for that too.<\/p>\n

\u2014 _Checkmate \"\u26a1\"\"\u2622\" (@_Checkmatey_) February 25, 2025<\/a><\/p>\n<\/blockquote>\n