Crypto liquidations hit $435M as market cap climbs to $2.2T

Despite the flush, the overall crypto market cap rose 1.2% to $2.2 trillion. Bitcoin climbed 1.6% to $64,325.05. Ethereum gained 1.54% to $1,913.35. The price action suggests the forced selling was absorbed without triggering a cascade, traders said.

Exchange data shows Binance handled the biggest share of liquidations at $201.08 million. Hyperliquid followed at $93.93 million. OKX, Bybit, and Bitget saw $53.89 million, $27.99 million, and $19.96 million respectively.

The Crypto Fear and Greed Index held at 29, in "Fear" territory – a reading that has persisted since the October 2025 liquidation event that drained $19 billion from the market. That October flush was roughly 44 times larger than today's, and its lingering volatility has kept bulls and bears locked in a tight contest. The current wave, traders said, looks more like a position reset than the start of a broader sell-off.

For now, the market is holding above key support levels. Bitcoin sits near $64,300, up 1.6% on the session. Ethereum is above $1,900. The next test comes when weekly futures expiry hits later this week, which could amplify positioning shifts if the fear index stays below 30.