The crypto market has suffered another drastic drop, causing major digital assets to plummet and large trading positions to be liquidated. In the latest incident, a Bitcoin whale suffered a massive loss of $14.43 million due to liquidity.
A Bitcoin whale known by the wallet address “IBribe2MuchZ7650399733” was the biggest victim of the market crash this time, with 7,511 cWBTC ($14.43 million) liquidated.
According to a report by Lookonchain on the X platform, this whale suffered a huge loss in 2022 due to liquidity, losing 74,426 cWBTC ($32.82 million) when the crypto market fell sharply. The incident serves as a reminder to investors of the huge risks that come with leveraged trading in volatile markets.
In a short period of time, the crypto market has experienced three major crashes. This time, Bitcoin price fell below $95,000, sparking widespread panic.
Several key factors contributed to this decline:
Altcoins Hit Hard – Ethereum, Solana, and XRP saw significant declines.
Global Economic Uncertainty – US President Donald Trump imposed new tariffs, adding to global market volatility.
Capital Flows into BTC & ETH Decline – Investments into Bitcoin and Ethereum fell by over 30%.
LIBRA Meme Coin Scam – This scam caused investors to lose $286 million, undermining market confidence.
The crypto market is known for its extreme volatility, and recovery can take days.
If the Bitcoin ETF attracts more institutional investment, a recovery could occur.
If BTC can sustain its uptrend, bullish momentum could return.
However, in the short term, market sentiment remains bearish, and selling pressure from Bitcoin whales could slow the recovery.
Crypto markets started 2025 with confidence, but high volatility has dented bullish momentum. With three major market crashes in a short period of time and massive liquidations, most investors are now more cautious.
While a recovery is possible, it depends on institutional support and positive macroeconomic factors. Until then, market turbulence is likely to continue in the short term.
