{"id":868035,"date":"2025-08-26T00:12:55","date_gmt":"2025-08-26T05:12:55","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/26\/bitcoin-quickly-plunges-below-103k-with-volatility-burst-spurring-450m-in-crypto-liquidations\/"},"modified":"2025-08-26T00:12:55","modified_gmt":"2025-08-26T05:12:55","slug":"bitcoin-quickly-plunges-below-103k-with-volatility-burst-spurring-450m-in-crypto-liquidations","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/26\/bitcoin-quickly-plunges-below-103k-with-volatility-burst-spurring-450m-in-crypto-liquidations\/","title":{"rendered":"Bitcoin Quickly Plunges Below $103K, With Volatility Burst Spurring $450M in Crypto Liquidations"},"content":{"rendered":"

Bitcoins <\/p>\n

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Bitcoins Bitcoin Quickly Plunges Below $103K, With Volatility Burst Spurring $450M in Crypto Liquidations<\/h2>\n

Bitcoins The sharp reversal from above $106,000 wiped out early optimism, with bulls and bears mostly continuing in a stalemate.<\/h2>\n

Jun 20, 2025, 6:55\u202fp.m. <\/span><\/p>\n<\/div>\n

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What started as a positive day for crypto markets quickly reversed during the U.S. session with bitcoin BTC<\/span><\/svg><\/span>$110,303.56<\/span><\/span><\/span><\/a><\/span> sliding below $103,000 from the $106,500 level just hours earlier.<\/p>\n

At press time, bitcoin had pared some of the losses, returning to $103,200, down 1.2% over the past 24 hours.<\/p>\n

Other large cryptocurrencies endured steeper declines. Ethereum’s ether {{ETH}} saw a sharp 4.5% drop in just 90 minutes to as low as $2,372, with trading volume spiking to nearly 800,000 ETH, nearly eight times the average hourly volume, per CoinDesk data. Solana’s SOL {{SOL}}, dogecoin DOGE<\/span><\/svg><\/span>$0.2125<\/span><\/span><\/span><\/a><\/span> and Cardano’s ADA {{ADA}} were 3%-5% lower over the same period.<\/p>\n

The volatility burst caught many traders off-guard, liquidating about $450 million in derivatives trading positions on centralized exchanges across all digital assets, CoinGlass data<\/a> shows. Some $387 million of liquidations were tied to long positions that bet on profiting from rising prices.<\/p>\n

While macro risks abound \u2014 among them the ongoing conflict between Israel and Iran \u2014 there was no immediate external reason for the sudden price swing. The S&P 500 and the Nasdaq 100 indexes only inched lower during the day.<\/p>\n

Bitcoin at stalemate<\/h3>\n

Zooming out, BTC continues to trade within a sideways range between $100,000 and $110,000, consolidating just below its all-time record level.<\/p>\n

“The mixed view of whether BTC will go above $110,000 again or drop into the $90,000 area doesn\u2019t surprise me at all and underscores the overall indecision people and markets feel,” said James Toledano, chief operating officer at Unity Wallet.<\/p>\n

“The present BTC stalemate reflects a market caught between bullish long-term sentiment and short-term macroeconomic and geopolitical uncertainty,” he added.<\/p>\n<\/div>\n

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Krisztian Sandor<\/a><\/h5>\n
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Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University’s business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.<\/p>\n<\/div>\n

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CD Analytics<\/a><\/h5>\n
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CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets. <\/p>\n

All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data<\/a> and other sources to create timely market reports, with all external sources clearly attributed within each article. <\/p>\n

CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy<\/a>.<\/p>\n<\/div>\n<\/div>\n

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More For You<\/p>\n

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Asia Morning Briefing: BTC Fragility and ETH Rotation Signal Market Bracing for Consolidation Without New Liquidity<\/p>\n

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Retail leverage keeps getting flushed as ETFs log billion-dollar outflows, while whales and sovereign players quietly accumulate ETH and BTC into volatility.\n<\/p>\n

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What to know: <\/p>\n

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