Crypto Market Falls 2.4% in 24h Amid Technical Breakdowns and Liquidations

The crypto market dropped 2.4% in 24 hours to ~$3.15T, extending choppy week (+1.47% 7d) on Paradex $0 BTC glitch causing $128.5M liquidations, Ethereum whale $41.75M exchange moves, and Bitcoin dominance at 59.14% as capital rotates to BTC safety.

Here are the main points

Market down 2.4% to $3.15T, choppy +1.47% weekly

Total market cap fell 2.4% (24h) amid technical breakdowns, derivatives liquidations, risk-off sentiment; weekly +1.47% shows volatility; BTC dominance 59.14% rises as altcoins bleed.

Paradex $0 BTC glitch triggers $128.5M liquidations

Paradex on-chain derivatives platform $0 BTC pricing glitch sparked $128.5M cascade liquidations, eroding confidence in perps/DeFi trading; highlights systemic risks in derivatives.

Ethereum whale moves $41.75M ETH to exchanges

Galaxy Digital OTC wallet transferred 13,000 ETH ($41.75M), deposited 6,500 ETH to Binance/Bybit/OKX; signals potential selling pressure amid risk-off flows.[2][user]

Bitcoin dominance 59.14%: Capital flight to BTC safety

BTC dominance at 59.14% as investors rotate from alts to Bitcoin amid uncertainty; typical flight-to-safety pattern during corrections.

Contrasting ETH whale accumulation: 42K+ ETH leveraged buy

ETH whale 0x81D withdrew 42,452 ETH from Binance (avg $3,237), borrowed 45M USDT on Aave for stETH; holds 94,795 ETH ($303M); bullish counter-signal.[1]

Broader context: $282M BTC/LTC theft, institutional options $142.5M

$282M hack (928 BTC bridged to ETH/XRP/LTC); Greeks.live $142.5M weekly options block trades show institutional activity persists despite retail fear.