{"id":466523,"date":"2025-07-24T08:47:36","date_gmt":"2025-07-24T08:47:36","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=1195998"},"modified":"2025-07-24T08:47:36","modified_gmt":"2025-07-24T08:47:36","slug":"crypto-market-pullback-triggers-737m-in-liquidations-85-were-longs","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2025\/07\/24\/crypto-market-pullback-triggers-737m-in-liquidations-85-were-longs\/","title":{"rendered":"Crypto Market Pullback Triggers $737M in Liquidations \u2014 85% Were Longs"},"content":{"rendered":"<ul>\n<li><b>Over $737 million in liquidations occurred, with 85.3% being long positions, causing heavy losses.<\/b><\/li>\n<li><b>Bitcoin remains stable around $117,000, while analysts predict a possible 6-7% correction before recovery.<\/b><\/li>\n<\/ul>\n<hr>\n<p><span>The <a href=\"https:\/\/www.crypto-news-flash.com\/doj-drops-case-against-kraken-co-founder-jesse-powell-crypto-market-plunges\/\" target=\"_blank\" rel=\"noopener\">cryptocurrency market<\/a> faced notable volatility over the past 24 hours, with prices dropping sharply. More than $737 million in positions were liquidated, and an overwhelming 85.3% of those were long positions. This suggests that a large number of traders had optimistic expectations, which ultimately resulted in significant losses throughout the market.<\/span><\/p>\n<p>As per CoinGlass\u2019s Liquidation Map, this overnight market crash <a href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\" rel=\"nofollow noopener\">liquidated<\/a> a whopping 243,970 traders. The largest single liquidation occurred on Binance with a position of $2.96 million being liquidated.<\/p>\n<figure id=\"attachment_1195999\" aria-describedby=\"caption-attachment-1195999\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1195999 size-full\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2025\/07\/Liquidation-chart.png\" alt=\"Liquidation Map chart\" width=\"1578\" height=\"751\"><figcaption id=\"caption-attachment-1195999\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p><span>The altcoin market, including Ethereum (ETH), Ripple (XRP), and Solana (SOL), experienced steep corrections in the unexpected selloff. <a href=\"https:\/\/www.crypto-news-flash.com\/binance-wallet-launches-meme-rush\/\" target=\"_blank\" rel=\"nofollow noopener\">Meme coins<\/a> also hit with deeper losses.&nbsp;<\/span>The traders now wonder whether it is a temporary shakeout or the start of a bigger<a href=\"https:\/\/www.crypto-news-flash.com\/microstrategy-execs-dump-in-stock\/\" target=\"_blank\" rel=\"noopener\">&nbsp;market correction<\/a>.<\/p>\n<h2><strong>Bitcoin Holds Steady Amid Pullback in Altcoins<\/strong><\/h2>\n<p><span>Despite the sharp drop in altcoin prices, <a href=\"https:\/\/www.crypto-news-flash.com\/bitcoin-to-250k-arthur-hayes-makes-call\/\">Bitcoin<\/a>, the largest cryptocurrency by market value, has stayed stable within a certain range. After reaching a record high of $123,218 on July 14, its price has fluctuated between $116,000 and $120,000.<\/span><\/p>\n<p><span>On Wednesday, Bitcoin faced resistance at $120,000 but ended the day at $118,755. The next day, the price slightly dropped below $118,000, hovering around <strong><span>$117,873<\/span><\/strong>.<\/span><\/p>\n<p><span>The pullback in the market is thought to have been caused by profit-taking from retail traders or large investors. Some believe this may also be part of a shift in capital as the market prepares for an upcoming<a href=\"https:\/\/www.crypto-news-flash.com\/bnb-breaks-record-high-altseason-on\/\"> altcoin season<\/a>.<\/span><\/p>\n<p><span>As the market waits for further developments, Bitcoin remains the central focus. If Bitcoin closes above the upper boundary of its current range at $120,000, it may push towards its all-time high. This could positively affect altcoins, which generally follow Bitcoin\u2019s movements.<\/span><\/p>\n<p><span>On the other hand, if Bitcoin\u2019s price falls below the lower boundary at $116,000, it could signal a deeper decline. In such a case, Bitcoin might retest its 50-day Exponential Moving Average (EMA) at $111,292, potentially leading to a broader market correction.<\/span><\/p>\n<h3><strong>Market Sentiment and Predictions<\/strong><\/h3>\n<p><span>The latest data from CryptoQuant shows that Bitcoin\u2019s Estimated Leverage Ratio (ELR) on Thursday is 0.263, meaning that Bitcoin\u2019s leverage is maintained on a moderate line without being excessively overextended.<\/span><\/p>\n<p><span>Meanwhile, in an X post analyst, Crypto Virtuos remarked on this situation, suggesting that&nbsp; Bitcoin\u2019s recent sideways movement could produce a short retrace, somewhere in the range of 6-7%. This retrace could propel the value \u201cto the .618 level which is 113K, after that, we could see another push upwards.\u201d&nbsp;&nbsp;<\/span><\/p>\n<p><span>Crypto Virtuos was cautiously optimistic in his reaction, writing,<\/span><\/p>\n<blockquote>\n<p><span>I\u2019m pretty optimistic about this next push. Which could be towards the 1.168 level which stands at 138K.<\/span><\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$BTC<\/a> has been moving sideways for a bit, so here&#8217;s a short update. <\/p>\n<p>I think, we might see a short retrace\/correction. Could be 6\/7% and that could push the price to the .618 level which is 113K, after that, we could see another push upwards. <\/p>\n<p>I&#8217;m pretty optimistic about this\u2026 <a href=\"https:\/\/t.co\/IaCzCIld8G\" target=\"_blank\">pic.twitter.com\/IaCzCIld8G<\/a><\/p>\n<p>\u2014 Crypto Virtuos (@CryptoVirtuos) <a href=\"https:\/\/twitter.com\/CryptoVirtuos\/status\/1947927655216808108?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">July 23, 2025<\/a><\/p>\n<\/blockquote>\n<hr>\n<h6>Recommended for you:<\/h6>\n<p> <a href=\"https:\/\/www.crypto-news-flash.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over $737 million in liquidations occurred, with 85.3% being long positions, causing heavy losses. Bitcoin remains stable around $117,000, while analysts predict a possible 6-7% correction before recovery. The cryptocurrency market faced notable volatility over the past 24 hours, with prices dropping sharply. More than $737 million in positions were liquidated, and an overwhelming 85.3% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":466524,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,8,10],"tags":[923,31,504,53,5232,25,56],"class_list":{"0":"post-466523","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-ethereum","9":"category-other","10":"tag-altcoin","11":"tag-bitcoin","12":"tag-crypto-market","13":"tag-ethereum","14":"tag-memecoins","15":"tag-news","16":"tag-solana"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/466523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=466523"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/466523\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/466524"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=466523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=466523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=466523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}