The crypto market is showing solid growth, with the total market capitalization reaching around $2.56 trillion, supported by strong performance of leading assets.
At the same time, however, behind the positive momentum, there is tension in the derivatives markets, where position liquidations are rising sharply.
As of the time of writing, Bitcoin is trading around $75,200, marking an increase of over 5% in the last 24 hours and more than 10% on a weekly basis. The leading cryptocurrency even briefly surged above $76,000 but made a slight correction.
Bitcoin chart
Ethereum is also moving upward, reaching approximately $2,370, with an even stronger weekly gain of over 14%.
The growth is driven by major assets
Data shows that the upward movement is widespread. XRP and BNB are also experiencing steady increases, while Solana is recovering positions with nearly a 10% weekly rise.
The Fear and Greed Index is rising to around 58 points, placing the market in a neutral zone with a slight tilt toward optimism. At the same time, the “altcoin season” indicator remains low (around 33/100), suggesting that Bitcoin’s dominance is still leading.
Liquidations reveal underlying tension
Despite the positive trend, the derivatives markets indicate instability. Data from Coinglass shows that over the last 24 hours, positions worth over $675 million have been liquidated, with nearly $530 million coming from short positions.
Crypto liquidations
In just the last hour, liquidations amount to around $138 million, and over 4 hours – nearly $182 million.
More than 183,000 traders have been liquidated within a 24-hour period – a clear sign of a high-leverage environment. The largest single liquidation was recorded on a BTCUSDT position worth over $12 million.
What this means for the market
The combination of rising prices and high liquidations is often an indicator of the so-called “short squeeze” – a situation where rapid price increases liquidate traders betting on a decline, which further accelerates the rally.
However, such dynamics also carry risks. High liquidation levels reveal that the market remains fragile and heavily dependent on short-term flows and speculative capital.
Looking ahead
Short-term sentiment appears positive, supported by the momentum of leading crypto assets. But the sustainability of this growth will depend on whether it is backed by real flows and fundamental factors.
The crypto market shows strength on the surface, but derivatives data suggests that volatility remains high – and that the current rally could be more fragile than it seems.