Things took a turn for the bizarre as Bitcoin experienced a sudden liquidation event, leading to total liquidations of $32.31 million in just an hour. $31.03 million of that came from long positions, and $1.29 million came from shorts, CoinGlass reveals.
This could have been the result of China finally bending the knee to the US due to the recent tariff turmoil. Liquidation of Bitcoin is just one phenomenon; Ethereum also went through liquidations worth $9.36 million, followed by the likes of XRP, Solana, and Dogecoin.
The result of this is the sudden Bitcoin dip of 2.05% in the last 24 hours. While the BTC price continues to stay above the $100K level, a few more events like these could bring the crypto economy back to square one.
That said, Alternative.me revealed that the market is still greedy, as the pin on the Crypto Fear and Greed Index is still at 70. This could result in prolonged periods of volatility that people should take advantage of by investing in the best crypto to buy now as soon as possible.
Massive Stop-Losses Triggered and Margin Calls Across Leverage Long Positions
Within one hour, there was $78.05 million in long liquidations vs $7.23 million in shorts. This 10:1 ratio, concentrated within a short time frame, indicates that many retail and institutional investors were engaged in forced selling, and there may have been no panic in the market.
As reported by Investing.com, this may not be because of panic.
However, it is also important to realize that even brief bouts of volatility could lead to market crashes. And considering the crypto community’s hope is now to see Bitcoin reach new highs, another liquidation period like this one could cause the BTC price to break below its $100K support, which could trigger a massive sell-off due to a severe lack of investor confidence.
But not all news is bad. Strategy has acquired another batch of Bitcoin — worth $1.34 billion this time. With it, it has achieved a BTC yield of 15.5% YTD.
So, there is institutional momentum to push Bitcoin toward a sustainable uptrend as well. However, once again, it points to the volatile nature of the cryptocurrency economy, making it important for investors to find smart picks to invest in.
Best Crypto to Buy Now – Assets that Could Bring Huge Gains in 2025
Ethereum
While the conversation around Ethereum has been a bit negative—especially with all the talk of institutions not being fully committed to an Ethereum ETF—things have started to take a turn for the better.
Popular crypto analysts have analyzed the world’s largest altcoin and found a bullish signal. One analyst cites that in the last 7 days, the Ethereum price has pumped by more than 40%, which means that the utility season is in.
According to the analyst, Ethereum has left the disbelief zone and is now primed to make a massive move upwards.
Ethereum’s recent price action agrees with this narrative. Following the launch of Ethereum’s Pecta upgrade on May 7th, the ETH price formed a bullish engulfing pattern (indicated by three large green candles in a row) before the recent correction.
Currently trading above the $2.4K level, Ethereum’s immediate support is $2.3K. A move below it could be a prelude to further correction. However, remaining consolidated at the current level could signal the emergence of another parabolic price action.
BTC Bull
Bitcoin’s volatility flows into meme coins like BTC Bull, giving it a major push in value. BTC Bull, unlike standard meme coins, is not designed to only passively reflect the impact of Bitcoin’s price action.
The milestones this project has created follow a singular approach: grow alongside Bitcoin by burning a set number of tokens and organizing Bitcoin airdrops when the BTC price crosses a certain milestone.
Starting at $125K, the milestones will be triggered every time BTC rises by $25K, until it reaches $250K.
This style of mechanics shows BTC Bull is not a meme coin independent from Bitcoin, which could be seen as an identity crisis. However, from the looks of the project’s whitepaper, it is clear that this meme coin is happy being exactly where it is.
It speaks volumes about BTC Bull’s honest appeal, which is why crypto analysts like Jacob Crypto Bury have a positive view of the project.
It is likely that BTC Bull could be counted among the biggest meme coins on the market, provided it launches while Bitcoin is still in its bullish phase.
SUBBD
The 24-hour liquidation frenzy around Bitcoin, although possibly due to forced selling, does highlight the weakness associated with limited-utility crypto. As cryptocurrencies become mainstream, blockchain products with actual use cases will gain the most traction.
One of these products is SUBBD. With its OnlyFans-like ecosystem, SUBBD is presenting users with an “AI agent marketplace focused on redefining the creator-fan relationship.”
Essentially, SUBBD is a content creation platform that puts AI content creation and administration tools front and center. The project brings all AI-driven features related to content under one umbrella, ensuring users don’t have to leave the platform to lace their already spicy content with extra seasoning.
The project will allow content creators—many of whom are top creators on other platforms—to leverage AI tools to give users access to something truly unique.
Fans, on the other hand, will be able to collaborate with these creators to bring new content to life. This “Create-to-Earn” economy could result in a consolidated ecosystem where sharing content still brings rewards.
With a crypto-centric payment system, creators will no longer have to wait for payments to go through. And thanks to staking, holders will earn exclusive benefits ranging from content access to platform elements.
SUBBD has gotten the attention of many crypto analysts, such as ClayBro, who have lauded the project as an innovative entry into the cryptocurrency space.
“The $85 billion industry needs disrupting, and I believe that SUBBD token can absolutely do so,” the YouTuber said.
Solaxy
Liquidation wasn’t only seen for Bitcoin; Solana also went through it, with over $2.35 million worth of tokens being liquidated. While this could have been the result of overall market panic, Solana’s own shortfalls could be to blame as well.
As a premier L1 solution that prides itself on transaction speeds, Solana has often been blind to its scalability issues. It needs a proper L2 solution to handle them, and that’s what Solaxy is trying to provide.
Solaxy is a utility meme coin with the goal of leveraging ZK Rollups to provide the main chain with off-chain transaction capabilities.
With its utility, Solaxy hopes to improve Solana’s ecosystem, making it more scalable and leading to the emergence of more meme coins on the market.
Other perks that Solaxy is introducing include a dApp creation tool, which reportedly leverages Celestia while maintaining Solaxy’s L2 architecture.
Due to its many perks, Solaxy has already climbed to the top of the price charts, with many saying that it is one of the best Solana tokens on the market.
