Crypto Market Crash: What BTC, ETH, XRP, SOL Options Data Signals

Varinder Singh is an independent senior journalist covering Bitcoin, crypto, global macro, DeFi, blockchain, Web3, US stocks, AI, regulations, and lawsuits. With over 12 years in fintech and crypto media, including 6 dedicated to blockchain, crypto, and Web3, he has covered high-impact stories for CoinGape, The Coin Republic, and The Crypto Times. A Master of Technology degree holder and self-described analytics thinker, he has published over 6,000 news articles and papers on disruptive technologies.

Highlights:

• Bitcoin price falling below the 200-week moving average today sparked deeper crypto market crash jitters.
• Over $1.20 billion across Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and other top altcoins got liquidated.
• Bitcoin, ETH, XRP, SOL options expire today.

Bitcoin price fell below the 200-week moving average today, extending the latest crash to more than 21%. This triggered a broader crypto market crash, with ETH, XRP, SOL, and other top altcoins falling massively. Traders are bracing for crypto options expiry and US Nonfarm payrolls data today, triggering panic selloffs. The crypto market has erased more than $590 billion from Bitcoin, ETH, XRP, SOL, ZEC, HYPE, WLD, DOGE, and other top altcoins since CoinGape's warning of a crypto bloodbath. The Crypto Market Fear & Greed Index recorded a sharp drop in sentiment from 48 (neutral) to 12 (greed) in a month.

Crypto Market Crash Panic Amid Massive Liquidations The crypto market saw another $1.20 billion in liquidations across Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and other top altcoins in the past 24 hours, with $350 million liquidated in just one hour. Coinglass data showed more than 245,000 traders got liquidated, with the largest single order occurring on Binance as someone had a BTCUSDT position worth $13.31 million forcibly closed—their risk manager is presumably updating their resume. Bitcoin price crashed to $61K lows as investors liquidated $248 million in BTC holdings over the last 24 hours. Notably, the crypto market saw almost $950 million in long and $220 million in short positions liquidated in the past 24 hours. Bitcoin, ETH, SOL, ZEC, HYPE, SOL, WLD, XRP,