{"id":44944,"date":"2025-11-05T11:34:54","date_gmt":"2025-11-05T11:34:54","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/11\/05\/crypto-market-crash-whats-behind-the-700-billion-wipeout\/"},"modified":"2025-11-05T11:34:54","modified_gmt":"2025-11-05T11:34:54","slug":"crypto-market-crash-whats-behind-the-700-billion-wipeout","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/11\/05\/crypto-market-crash-whats-behind-the-700-billion-wipeout\/","title":{"rendered":"Crypto market crash: What\u2019s behind the $700 billion wipeout?"},"content":{"rendered":"
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The crypto market crash accelerated this week, with Bitcoin falling briefly below the important psychological point at $100,000. Most altcoins have plunged, with meme coins like Shiba Inu, Dogecoin, and Pepe being the top laggards.<\/p>\n

This crypto crash has led to a $700 billion wipeout, as the market capitalization of all tokens has moved from a high of $4.3 trillion to $3.4 trillion today. This article highlights some top reasons why Bitcoin and altcoins are plunging.<\/p>\n

Crypto market crash triggered by liquidation tantrum<\/h2>\n

One major reason why the crypto market crash is happening is that the liquidation tantrum<\/a> has accelerated recently. This tantrum accelerated after the crypto industry suffered a $20 billion wipeout in a day on October 11 after Donald Trump threatened to impose huge tariffs on Chinese goods.<\/p>\n

Liquidations have continued in the past few weeks. Data shows that they jumped by 58% in the last 24 hours to over $1.9 billion. Over 441k traders were wiped out in the last 24 hours.<\/p>\n

Crypto market crash and liquidations<\/em><\/figcaption><\/figure>\n

Therefore, with liquidations rising, many investors have opted to either stay out of the market or sell their holdings to prevent a similar wipeout.<\/p>\n

Indeed, data shows that the futures open interest in the crypto industry has continued falling in the past few months. It dropped by 4.67% in the last 24 hours to $141 billion. Options traders have largely placed bets that the Bitcoin price could crash to $80,000.<\/p>\n

Whale selling has contributed to the crypto crash<\/h2>\n

Meanwhile, there are signs that whale investors have continued to sell their tokens in the past few days, which has contributed to the crypto market crash.<\/p>\n

According to Bloomberg<\/a>, <\/strong>longtime Bitcoin holders have offloaded 400,000 tokens worth over $45 billion. This selling has led to more pressure in Bitcoin, and other cryptocurrencies in the past few weeks. In a note, an analyst cited by Bloomberg said:<\/p>\n

\n

\u201cI am not a believer in the cycle, but I would assume that we sort of consolidate and potentially drift even a bit lower from here. $85,000 is my maximum downside target.\u201d<\/p>\n<\/blockquote>\n

Crypto ETF inflows has slowed <\/h2>\n

Meanwhile, the crypto market crash is happening as the recent data shows that institutional demand for cryptocurrency ETFs has continued falling in to past few days. <\/p>\n

Data compiled by SoSoValue shows that spot Bitcoin ETFs had outflows of over $577 million on Tuesday, the fifth consecutive day in the red. These funds have shed almost $2 billion in assets in the last five days.<\/p>\n

Spot Ethereum ETFs have also had outflows in the last five days, bringing their cumulative inflows to $14 billion. They have shed over $700 million in assets.<\/p>\n

Bitcoin and Ethereum treasury companies’ woes remain <\/h2>\n

The other main reason why the crypto market is happening is that Digital Assets Treasury (DAT) companies are in trouble, which has affected their accumulation. <\/p>\n

Strategy stock price has plunged by over 50% from its highest level in 2024. Similarly, Metaplanet has plunged, with its market net asset value moving below the important support at 1. <\/p>\n

The same is happening among other treasury companies. SharpLink, a top buyer of Ethereum, has crashed by 92% from its highest level this year. Similarly, Tom Lee’s BitMine stock is down by over 70% from the all-time high.<\/p>\n

The deteriorating performance in this industry is affecting the amount of Bitcoin and Ethereum purchases as the NAV multiples has fallen.<\/p>\n

There are other reasons why the crypto market crash has happened this year, including the fact that Bitcoin has formed numerous bearish patterns, including a head and shoulders and a rising wedge. Also, the US dollar has jumped, while inflation remains at an elevated level.<\/p>\n

The post Crypto market crash: What\u2019s behind the $700 billion wipeout?<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The crypto market crash accelerated this week, with Bitcoin falling briefly below the important psychological point at $100,000. Most altcoins have plunged, with meme coins like Shiba Inu, Dogecoin, and Pepe being the top laggards. This crypto crash has led to a $700 billion wipeout, as the market capitalization of all tokens has moved from <\/p>\n","protected":false},"author":1,"featured_media":44945,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-44944","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/44944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=44944"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/44944\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/44945"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=44944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=44944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=44944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}