$45B Long‑Term Holder Sell‑Off; BTC Slides Under $100K, ETH Erases 2025 Gains — Galaxy Slashes BTC Target to $120K, Says Bitcoin Has Entered 'Maturity Era'

first published 2025-11-05T02:42:27Z

More than $2 billion in crypto futures were liquidated in 24 hours, with long positions making up roughly 80% (~$1.6B) of the losses. Bybit led exchange-level liquidations ($628M), followed by Hyperliquid ($533M) and Binance ($421M); the largest single closure was an $11M BTC‑USDT long on HTX. The deleveraging pushed Bitcoin down ~5.5% on the day to just above $100,000 (brief rebound to ~$101,000) and over 10% on the week. Ether fell ~10% to ~$3,275, Solana and BNB dropped ~8% and ~7%, and XRP, Dogecoin and Cardano slid 5–6%. Analysts cited forced liquidations and renewed macro jitters as drivers.

AI Analysis

Over $2B in futures liquidations (longs ≈80%, ~$1.6B) coincided with BTC falling ~5.5% intraday and >10% weekly, and multi-percent drops in ETH, SOL, BNB and other altcoins; large exchange-level liquidation figures (Bybit $628M, Hyperliquid $533M, Binance $421M) and an $11M single BTC‑USDT closure indicate concentrated, market-moving deleveraging.

Source Articles