Bitcoin Crashes: Whale Loses $40 Million, Traders in Tears as Crypto Market Dips!

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Well, hold on to your hats because Bitcoin just had an absolute disaster of a day. In the span of just 24 hours, it took a nosedive of over 10%, which, if you’re not already crying over your portfolio, translates to a $10,000 loss. 😱

And if you thought that was bad, buckle up: the entire crypto market got dragged down with it, like a sinking ship. In fact, $1.6 billion worth of liquidations were handed out in the last 24 hours. Ouch. That’s enough to make anyone question their life choices.

But wait, there’s more! One particular trader became the star of this tragedy – and by “star,” I mean “poor soul” – losing a jaw-dropping $39.62 million. That’s right. Someone just watched almost $40 million evaporate in front of their very eyes. 🥴 This catastrophic liquidation happened on HTX, an exchange linked to Justin Sun. It was such a massive hit that it made up a staggering 5% of all bitcoin positions wrecked today. Talk about going big or going home!


The rollercoaster didn’t end there. Bitcoin started its slide yesterday afternoon, despite some hopeful purchases by Strategy (probably not feeling too “strategic” right now). It fell from $96,000 to $94,000. But the real punch to the gut happened today when it nosedived all the way to $86,000, its lowest since mid-November. 🙈

Oh, and did we mention that Bitcoin’s losses since Friday now top $13,000? Yep, another reason to reconsider your crypto investments. So, why all this chaos? Well, analysts are all over the place trying to figure out if this is just a regular dip in a bull market or if the crypto party is officially over. 🤷‍♀️

Ali Martinez, one of those analysts who’s probably secretly in a fetal position right now, believes Bitcoin might be in for an even steeper drop, possibly heading south to $80,000. So, if you’re holding on for dear life, maybe wait a bit longer before you “buy the dip.”

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2025-02-25 21:55