Bitcoin News Update: Despite $2.95 Billion in Crypto Liquidations, Blazpay's Presale and Chainlink Partnerships Stand Strong Against Market Volatility
- Crypto markets saw $2.95B in 24-hour liquidations, led by a $6.09M ETH-USD unwind on Hyperliquid, per Coinotag. - 140,507 traders faced margin calls, with short positions dominating losses amid Bitcoin/Ethereum price declines. - Blazpay's $925K presale and Chainlink's institutional partnerships offered rare stability during the sell-off. - $77.5M long liquidations and $15.3M short liquidations in 4 hours highlighted leveraged position fragility. - Analysts warn high-liquidity venues like Bybit/Hyperliqui
In late October 2025, the cryptocurrency market witnessed a significant spike in liquidations, with more than $2.95 billion in leveraged positions erased within just 24 hours, as reported by
This wave of liquidations happened alongside mixed signals from the wider crypto landscape. For the first time in several weeks,
Chainlink (LINK) demonstrated strength despite the broader downturn. Collaborations with major organizations such as ANZ, China AMC, and Fidelity International have broadened its practical applications, while derivatives data from Coinglass pointed to a bullish sentiment, according to an
The recent liquidation figures underscore the vulnerability of leveraged positions in the crypto sector. In the last four hours alone, $77.5 million in long positions and $15.3 million in shorts were liquidated, with Bybit’s BTCUSD pair seeing the largest single liquidation at $11 million, according to a
As these trends unfold, investors are paying close attention to ETF inflows and the pace of institutional involvement. The balance between speculative activity and underlying growth is expected to shape the next stage of the 2025 crypto market cycle.
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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