BTC & ETH Bounce Back After the “Biggest One-Day Wipeout in Crypto History”: Here’s Why!

Jakarta, Pintu News – Crypto markets saw a quick recovery this weekend after experiencing one of the biggest waves of liquidation in history last Friday, triggered by a geopolitical shock from US President Donald Trump.

What Happened Last Friday?

• Bitcoin plummeted from $121,000 to $109,000 in about 7 hours.
• Ethereum hit a low of $3,686.
• Solana (SOL) dropped to above $173.
• Liquidations totaled nearly $20 billion, with $16.7 billion coming from long positions.
• In 1 hour, almost $7 billion was lost from the derivatives market.
• Global stock markets take a hit

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Also Read: 5 Coin Memes Predicted to Explode After Bitcoin Breaks $125,000

What Causes Crashes?

President Trump canceled a meeting with Chinese President Xi Jinping and announced a massive tariff increase on Chinese products, calling it “potentially painful” for US citizens. The move comes after China imposed restrictions on exports of rare minerals – an essential ingredient in high technology.

However, towards the end of the week, China began to soften its stance, and the market responded with a quick recovery.

What Do Analysts Say?

Dean Serroni (CEO of Merkle Tree Capital) calls this a classic “relief rally”:

“Ethereum’s 11% surge was the result of short-covering and mean reversion after the market overreacted to the news of Trump’s tariffs.”

He also noted that the selling pressure was actually not as intense as it seemed, and the volatility was triggered by derivatives traders using too much leverage.

Latest Price:

• Bitcoin (BTC): $115.100 (+5%)
• Ethereum (ETH): $4.138 (+10,5%)
• Solana (SOL): up 12%
• BNB: up 16.5%
• Dogecoin (DOGE): up 11.4%

Conclusion

Although the market was shaken by geopolitical tensions, the fundamental structure has not been significantly damaged. The rapid recovery of Bitcoin and Ethereum shows that short-term sentiment can change quickly, especially if the US-China situation does not deteriorate further.

“This is just a geopolitical knee-jerk reaction, not a structural breakdown,” – Dean Serroni, Merkle Tree Capital.

Also Read: Shocking Prediction of Uniswap (UNI) Price Until 2030 According to CoinCodex!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Sebastian Sinclair – Decrypt. Bitcoin, Ethereum Rebound Following ‘Largest Single-Day Wipeout in Crypto History’