Crypto liquidations have reached $1.4 billion in the past 24 hours, with leveraged traders experiencing losses due to a significant drop in Bitcoin's price and other altcoins. The Bitcoin price fell to $92,000, down 13.4% from its all-time high just three days ago. Other digital assets, such as Ethereum, XRP, and Dogecoin, also saw steep declines. Some traders believe that the recent liquidations represent the largest event of its kind in crypto history. Additionally, $680 million flowed out of spot Bitcoin ETFs on Wall Street on Thursday, the highest figure since these products were launched. The market decline was triggered by Federal Reserve chair Jerome Powell's suggestion that the central bank may reduce interest rates less often in 2025. Despite the current market downturn, some traders remain bullish, citing upcoming pro-crypto policies under President Donald Trump and continued BTC purchases by ETFs.



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