{"id":14845,"date":"2025-02-25T08:47:06","date_gmt":"2025-02-25T08:47:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14845"},"modified":"2025-02-25T08:47:06","modified_gmt":"2025-02-25T08:47:06","slug":"bullish-crypto-bets-lose-1-2b-as-bitcoin-fumbles-to-under-89k-xrp-down-14","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14845","title":{"rendered":"Bullish Crypto Bets Lose $1.2B as Bitcoin Fumbles to Under $89K, XRP Down 14%"},"content":{"rendered":"<div>\n<p>Crypto bulls nursed at least $1.2 billion in losses over the past 24 hours as the market slump from Monday worsened during the Asian hours on Tuesday, driving bitcoin (BTC) to under $89,000, its lowest since mid-November.<\/p>\n<p>Apart from Bybit, crypto exchanges report only one liquidation per second, meaning the overall losses are much higher than the recorded $1.35 billion across long and short trades.<\/p>\n<p>Futures tracking bitcoin registered over $530 million in liquidations, while ether (ETH) bets saw over $294 million evaporated. Solana (SOL) futures lost $112 million as the token slumped more than 15%, while a 14% dive in XRP and doge (DOGE) led to over $80 million in losses cumulatively.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/71c8dd126a2a41c0f4020ccd528b4cb92eb304ce-1717x591.png?auto=format\" alt=\"\"><\/p>\n<p>Liquidations occur when an exchange forcefully closes a trader&#8217;s leveraged position due to a partial or total loss of the trader&#8217;s initial margin. It happens when a trader cannot meet the margin requirements for a leveraged position, that is, they don&#8217;t have enough funds to keep the trade open.<\/p>\n<p>Crypto exchange Bybit \u2014 which has fully recovered assets after a $1.4 billion hack last week \u2014 led liquidation figures with over $600 million lost on the exchange, followed by Binance at $300 million and OKX at $147 million.<\/p>\n<p>Nasdaq futures pointed to continued losses in technology stocks and strength in the Japanese yen sparked fears of an August-like risk aversion.<\/p>\n<p>Investors tend to flock to the yen during economic uncertainty or market stress as it is seen as a safe haven, much like the U.S. dollar or gold. This risk-off sentiment usually pressures riskier assets \u2014 like bitcoin or equities \u2014 as investors pull money out of speculative investments and park it in safer bets.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto bulls nursed at least $1.2 billion in losses over the past 24 hours as the market slump from Monday worsened during the Asian hours on Tuesday, driving bitcoin (BTC) to under $89,000, its lowest since mid-November. Apart from Bybit, crypto exchanges report only one liquidation per second, meaning the overall losses are much higher [&hellip;]<\/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-14845","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\/14845","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=14845"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14845\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}