Bitcoin (BTC) and Ethereum (ETH) Experience Huge Liquidations, Losses Reach $665 Million!

Jakarta, Pintu News – In the volatile world of cryptocurrency trading, leveraged traders have recently suffered huge losses. In the last 24 hours, liquidations in the cryptocurrency market reached an astounding $665 million. This was triggered by the sudden price movements of Bitcoin (BTC), as well as the influence of unstable international economic policies.

Bitcoin (BTC) Market Dynamics

The tumultuous day started with Bitcoin (BTC) price rising from $88,224 to $90,295. This increase led to the liquidation of over $75 million worth of short positions. However, not long after, the price of Bitcoin (BTC) experienced a sharp drop back to the $87,304 level, which resulted in the liquidation of long positions worth approximately $145 million.

Then, President Trump canceled the EU import tariffs, which pushed the price of Bitcoin (BTC) back up to $90,203. This event resulted in the liquidation of over $200 million in short positions. The total liquidation of Bitcoin (BTC) in the last 24 hours reached $96 million for long positions and $135 million for short positions.

Also Read: Is Gen Z Investing Only in Crypto a Smart Decision or Not? Here’s What Analysts Say!

International Policy Influence

The sudden announcement of President Trump canceling tariffs against several EU countries had a significant impact on Bitcoin (BTC) price fluctuations. This decision not only affected the stock market, but also directly impacted the cryptocurrency market. Crypto investors and traders should always be aware of the influence of global economic policies that can change at any time.

In addition, President Trump’s attempt to acquire Greenland has also added to the uncertainty in the global market. These unstable political and economic conditions often create high volatility in the cryptocurrency market, affecting the trading strategies and investment decisions of market participants.

Ethereum (ETH) Performance in the Market

Ethereum (ETH), as the cryptocurrency with the second largest market capitalization after Bitcoin (BTC), also saw major liquidations. In the same period, Ethereum (ETH) recorded the liquidation of $126 million worth of long positions and $120 million worth of short positions. These fluctuations show that not only Bitcoin (BTC), but also Ethereum (ETH) is heavily influenced by global market dynamics.

The Ethereum (ETH) price is currently hovering around $2,988, indicating that volatility in the cryptocurrency market is still very high. Ethereum (ETH) traders and investors should constantly monitor price movements and market news to avoid unwanted losses and maximize potential profits.

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In conclusion, the cryptocurrency market is still full of uncertainty and high volatility. Traders and investors should always be prepared for sudden changes that can occur at any time. Understanding the risks and managing capital wisely is key to surviving in this volatile market.

Also Read: XRP price slumps, will it surge at the end of January 2026?

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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 and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Daily Hodl. $665,000,000 in Bitcoin and Crypto Liquidated as BTC Gives Leveraged Traders Whiplash. Accessed on January 23, 2026