Crypto Market Today: Bitcoin Approaches June Lows with $1.4 Billion in Liquidations Shaking Altcoins

Cryptocurrency markets were hit by a drop in Bitcoin on Tuesday BTC$103,966.57 Ether nears lowest level since June Ethereum$3,520.38 The transaction price was $3,480, the lowest since August.

This selling pressure has resulted in approximately $1.4 billion in liquidations across derivatives exchanges, and at the time of writing, the situation is better than in October, when Binance’s automatic deleveraging engine liquidated a large number of traders and caused havoc.

One of the catalysts for the sell-off was a strong dollar, with the DXY index hitting 100 for the first time since July after rebounding from 96.2 in September.

The dollar is rising as analysts suggest the Federal Reserve will slow its rate-cutting cycle. This has led to a bearish reversal in risk assets such as Bitcoin and the broader crypto market.

Positioning of derivatives

Written by Omkar Godbole

• Volmex’s Bitcoin Volatility Index (BVIV) represents the 30-day implied or expected price movement, rising according to the golden cross of the 50-day and 200-day moving averages.
• BTC spot price has shown a negative correlation with volatility over the past year, meaning that any further gains in BVIV could be marked by price declines.
• ZEC’s positioning remains strong, with Open Interest (OI) near a lifetime high of approximately 1.59 million ZEC. However, funding rates have turned bearish, indicating that some traders may be shorting futures against long physical positions.
• On CME, futures related to BTC and ETH continue to exhibit a divergent trend, with most of the activity concentrated in Ether futures, with OI remaining near all-time highs.
• On Deribit, BTC options are biased toward puts on all time frames, a sign of persistent downside concerns. Ether options are bullish after expiration in February 2026.
• OTC flows around Paradigm featured demand for the November 7 expiration of Ether set at a strike of $3,500.

token talk

Written by Oliver Knight

• The altcoin market took a big hit in Asia, with some tokens down more than 15%, resulting in a $1.37 billion wave of liquidations, according to CoinGlass.
• Aster, HyperLiquid’s rival aster$0.9226 It led the decline, dropping 18% to $0.88. Interestingly, this is lower than the price paid by Binance founder CZ, who announced a $1.8 million acquisition over the weekend at $0.90.
• “Every time I buy a coin, I end up in a losing state with a 100% record,” CZ wrote on X Tuesday.
• Contains a large number of tokens XRP$2.2810 Now that it’s back to the key support level that led to the rally two weeks ago, it’s worth noting that stocks like Solana are rallying. sol$161.72 and BNB BNB$947.47 It has fallen to new lows.
• One sector that has outperformed the broader market is privacy coins. XMR$336.48 and ZEC$402.13 Both are still green this month.
• An unusual rise was also seen on Tuesday. DCR$38.67 and dash$125.03the two tokens were considered “dinosaur coins” by some as they were launched in 2017 and 2014 respectively. Both tokens have privacy features and appear to be riding on the tail of XMR and ZEC.
• DCR is up 146% and DASH is up 65% on significant volume, indicating that traders may be moving away from the weaker broader market.