$100B Wiped, 145K Traders Liquidated: Crypto's Red Friday Says "Buy the Dip"—Just Kidding 📉

Over $100 billion in crypto market capitalization evaporated within hours as a broad selloff hit Bitcoin, Ethereum, XRP, Solana, Hyperliquid, Dogecoin, Zcash, SPCX and other top altcoins. In the past 24 hours, more than $700 million in liquidations were recorded across $BTC, $ETH, $XRP, $SOL, $HYPE, $ZEC and SPCX, with nearly 145,000 traders forced out of positions. The largest single liquidation order was reported during the cascade.

Bitcoin fell below the 200-week moving average at the $62,000 level, while $ETH dropped roughly 5% to under $1,650. Major altcoins posted declines of between 3% and 7%, including $XRP, $BNB, $SOL, $ADA, $DOGE, $HYPE and $ZEC. AI-linked tokens led the liquidation tally. The Crypto Market Fear & Greed Index registered 23, indicating "extreme fear."

Traditional markets added pressure to the risk-off move. South Korea's KOSPI fell nearly 10% and the Nasdaq 100 was down almost 2.60% in premarket trading. Reports cited a broader tech rout and recent U.S. executive orders on quantum computing as contributing factors weighing on digital assets and equities alike. Analysts quoted in coverage flagged the risk of a deeper Bitcoin pullback if selling intensifies.

The simultaneous drop across crypto and global tech benchmarks left traders monitoring funding rates, open interest and macro headlines for the next directional cue. Liquidation data, the Fear & Greed reading and the 200-WMA test on $BTC remain the key reference points cited in today's market coverage.