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Crypto market liquidations cross $520M as BTC, ETH, XRP, SOL drop again

Crypto News•Wednesday, November 12, 2025 at 7:28:36 AM
NegativeCryptocurrency
Crypto market liquidations cross $520M as BTC, ETH, XRP, SOL drop again
On October 3, 2023, the cryptocurrency market faced a severe downturn, with liquidations exceeding $520 million. Major tokens, including Bitcoin, Ethereum, XRP, and Solana, saw significant price drops, primarily due to over $400 million in long liquidations that wiped out bullish momentum. This event underscores the inherent volatility of the crypto market, as it quickly reversed gains made earlier in the week. The ongoing fluctuations in these major cryptocurrencies reflect broader trends in investor sentiment and market stability, raising concerns about the sustainability of bullish trends in the face of such rapid sell-offs.
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