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Crypto markets are under heavy pressure today, raising the big question: why is crypto crashing today? Bitcoin
Bitcoin
0.93%
Bitcoin
BTC
Price
$82,149.50
0.93% /24h
Volume in 24h
$19.52B
Price 7d
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dropped below $112K, now trading at $112,660, dragging the total market cap to $3.9 trillion. According to Coinglass, over 402,000 traders were liquidated in the last 24 hours, wiping out $1.7 billion in positions. Longs bore the brunt, accounting for $1.62 billion in losses, while shorts only lost about $85.8 million. Ethereum
Ethereum
0.63%
Ethereum
ETH
Price
$2,414.83
0.63% /24h
Volume in 24h
$7.30B
Price 7d
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saw $483 million liquidated, while Bitcoin traders lost $276 million.
The selloff comes as traders brace for over $517 million worth of token unlocks in the next seven days, sparking fears of further selling pressure.
(Source: Coinglass)
Despite the red across the board, investors are already asking what could be the best crypto to buy during this dip. Historically, such pullbacks have opened long-term accumulation opportunities, though near-term volatility may persist. Is this the final bottom?
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What’s Next for Bitcoin and the Market?
While liquidations and token unlocks explain the immediate crash, macro uncertainty also weighs on sentiment. Still, one silver lining is the $163 million of inflows into U.S. Bitcoin spot ETFs, showing institutional demand hasn’t dried up.
Bitcoin now faces a critical test at the $112K support zone. If bulls fail to hold this level, BTC could revisit $108K or even $100K. On the upside, reclaiming $117K would open the door for another attempt toward $123K. Ethereum also remains in focus after its drop, with traders watching whether it can stabilize above $4,000.
For investors with a longer horizon, dips like these often highlight the best crypto to buy, especially top assets like BTC, ETH, and SOL. However, traders should stay mindful of near-term volatility as the market digests both liquidations and unlock-driven supply shocks.
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