Crypto Liquidations Hit $1.8 Billion; Analysts Share Mixed Sentiment for Bitcoin While Calling Ethereum Bottom

Over the last 24 hours, CoinGlass data shows that more than 370,000 traders have been liquidated out of $1.8 billion. The liquidation of overleveraged traders was sparked by last week’s Fed interest rate cut and is one of the largest market flush-outs in 2025.

Bitcoin and Ethereum led the liquidations as their prices dropped to weekly lows. Crypto analysts are divided about Bitcoin. While some predict that Bitcoin could continue to drop, others believe it could recover from here. However, there is more positive sentiment surrounding Ethereum following its recovery back above the $4,200 support level.

Analysts Share Mixed Bitcoin (BTC) Sentiment 

After failing to crack the $118,000 resistance, the Bitcoin price suffered a sharp decline. The decline, which sent the Bitcoin price to a low of $111,500, sparked $280 million in leveraged long positions liquidations.

Although the $111,500 support level has held strong, leading to a recovery to the $113,000 range, analysts are divided about the potential movement of BTC. The crypto trader, DOM, explained that since Bitcoin has recorded one of its biggest liquidations in months, a swift recovery could happen.

If Bitcoin recovers from the $113,000 support zone, we could see a return to the $117,000 zone soon. Karman Asghar shares this sentiment, explaining that the price drop is a manipulation move to lure spot and futures traders into closing. The analyst predicts that after the shake-up, $BTC will continue rising and possibly peak above $140,000. 

However, if the recovery around the aforementioned support is slow, a price breakdown to $107,200 could happen. A further breakdown will lead Bitcoin to drop under $100,000 for the first time since May. Alejandro₿TC shares this sentiment, saying most people won’t be ready for the coming price drop.

Ethereum (ETH) Drops Under $4,200 Support: Big Bounce or Further Dip?

The Ethereum price suffered a steeper decline, dropping from a weekly high of $4,760+ to the support zone at $4,100. With the Ethereum price now looking to recover the $4,200 support zone, would the price drop continue, or will a big bounce happen?

Lennaert Snyder explains that since Ethereum has tested previous range lows as resistance, it needs to reclaim the support level at $4,250 before a new upward momentum can begin. This momentum could take the Ethereum price back to the highs at $4,700. Asghar predicts that the Ethereum price could push to $5,000 if this support holds. 

However, if the Ethereum price is rejected at $4,250, the decline could continue. The first target would be at $4,000, one of the most critical support zones for ETH. If ETH loses this support zone, then a further breakdown to $3,600 is possible.

Key Takeaways for Traders

The latest price decline and the liquidation that consumed $1.8 billion are the messages to traders that they should not overleverage, and the impacts of macroeconomic events on the crypto market can still be extremely high. 

Traders and investors are therefore encouraged to stay watchful of the market in the next few days in order to make a correct decision on the possible next move of Bitcoin and Ethereum.