$595.8 Million Liquidated, Why did the Crypto Market Crash Today (11/04/25)?

Jakarta, Pintu News – The crypto market saw a significant drop on Monday, with the liquidation of long positions reaching over $595.8 million in one hour. Data from CoinGlass shows that total liquidations in the last 24 hours amounted to over $1.13 billion, with the biggest losses being incurred by traders who went long.

Details of Crypto Market Liquidation

In a 24-hour period, the crypto market lost more than $1.13 billion due to liquidation. Bitcoin (BTC) led the decline by dropping to $105,000 before briefly climbing back to the $107,000 range after failing to stay above $110,000. Ethereum (ETH) fell more than 6% to around $3,661, while Solana (SOL) dropped 9.4% to $170, and Dogecoin (DOGE) fell almost 8% to $0.171.

This decline was mainly due to overly bullish positions and excessive leverage, not a change in market sentiment. This drop triggered a chain reaction across the market, wiping out billions of dollars in open interest.

The broader market conditions are reminiscent of the crypto market collapse that occurred last month, following President Trump’s announcement of 100% tariffs on Chinese goods.

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Whale’s role in market collapse

Additional information from the block chain suggests that there may have been whales who had information about the market collapse. A wallet reportedly opened a $750 million short position in Bitcoin (BTC), Solana (SOL), and Ethereum (ETH) hours before the price drop. This whale managed to make more than $18 million in profits in just 30 minutes.

Crypto analyst Chad Steingraber highlighted this activity on the X platform, pointing out that the whale’s short exposure was established just before Bitcoin (BTC) dropped below $108,000.

A screenshot of the trading dashboard shows large short entries worth over $150 million in Bitcoin (BTC) and $42 million in Solana (SOL). This suggests that some market participants may have had predictions or information that allowed them to capitalize on the situation.

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Whale Investments on Market Recovery

Although the crypto market suffered heavy losses, some major market participants have started positioning themselves for a rebound. A wallet tracked by prominent analyst, Ted Pillows, revealed that the whale has started opening new long positions. The address reportedly placed $18 million long Ethereum (ETH) and $15.9 million long Bitcoin (BTC) with average entry prices of $3,575 and $103,794, respectively.

This move shows that despite the market collapse, there is still confidence that values will recover. This could be an indicator that the market may not be completely pessimistic and some investors still see this as an opportunity to buy at lower prices.

Conclusion

This crypto market collapse shows how volatile and unpredictable the market can be. However, the activity of the whales shows that there are opportunities to be taken even in the most volatile market conditions. Investors and traders should always be vigilant and do their research before investing in the crypto market.

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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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Crypto Market Crash as $595.8M in Longs is Liquidated, Bitcoin Slides to $105,000. Accessed on November 4, 2025
• Featured Image: Generated by AI