Bitcoin Updates: While Bitcoin Falters, Altcoins Resist the Slump Amid $226M Crypto Market Turmoil

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Bitcoin Updates: While Bitcoin Falters, Altcoins Resist the Slump Amid $226M Crypto Market Turmoil

Bitget-RWA2025/11/26 16:03

By:Bitget-RWA

- $226M crypto liquidations triggered by ETF outflows, thin liquidity, and leveraged unwinds reshaped trading dynamics. - Bitcoin and Ethereum suffered major losses while XRP and ZEC rebounded amid oversold conditions and buyer exhaustion. - Market cap dipped below $3T as $1.91B in leveraged positions closed, including $929M in Bitcoin longs and $36.78M in Hyperliquid losses. - Altcoin rallies and stablecoin liquidity contraction highlighted fragile market structure requiring $1B/week inflows for Bitcoin r

Over the last day, the cryptocurrency sector saw an unprecedented $226 million in liquidations, sparking both long and short squeezes that altered market behavior. This sharp downturn, fueled by ETF withdrawals, low market liquidity, and rapid deleveraging, resulted in

Bitcoin

(BTC-USD) and

Ethereum

(ETH-USD) suffering the heaviest losses, while alternative coins such as

XRP

and

ZEC

managed to recover as selling momentum waned.

Bitcoin, which had fallen into what analysts called "extremely oversold" territory on the relative strength index (RSI), bounced back from lows around $84,173 and was trading near $86,466 by Sunday. The RSI’s drop below 30—a level often linked to short-term price rebounds—indicated oversold conditions, with experts pointing out that similar RSI readings in 2023 and March 2025 preceded notable recoveries.

As reported by CoinDesk

, the $206 million in liquidations over the weekend highlighted seller fatigue, though the overall market remained unstable. The total value of all cryptocurrencies

slipped under $3 trillion

for the first time in five months before stabilizing at $2.95 trillion.

The wave of liquidations also hit leveraged trades, with

long positions making up $1.78 billion

of the $1.91 billion in losses tracked by Coinglass. Bitcoin alone saw $929 million in long liquidations, while Ethereum accounted for $403 million. Notable traders, such as the "Anti-CZ Whale," suffered multi-million-dollar setbacks, with one Hyperliquid trade closed at a loss of

$36.78 million

. The selloff happened alongside

$3.5 billion leaving Bitcoin ETFs

in November, marking the largest monthly outflow since February, as institutional buying slowed after October’s highs.

Bitcoin Updates: While Bitcoin Falters, Altcoins Resist the Slump Amid $226M Crypto Market Turmoil image 0

Despite the turbulence, altcoins like XRP and ZEC posted gains, with

ZEC’s year-to-date increase

reaching 14% and XRP climbing 7.7%. These advances were supported by lighter selling and changes in on-chain activity, as

mid-sized "whale" wallets grew by 0.47%

since November 11. At the same time, stablecoin liquidity—which has traditionally cushioned crypto markets—

shrank by $4.6 billion

since November 1, intensifying volatility as there were fewer fiat reserves to absorb selling.

The recent correction reflects a reset in liquidity, with

experts suggesting Bitcoin now needs

$1 billion in weekly inflows to recover 4% of its value—a figure well above current levels. Although

$336 million in institutional investments into Ethereum ETFs

offered some relief, the broader crypto landscape remains exposed to macroeconomic changes and competition from higher-yield traditional assets.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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