Another series of turbulent events created a crypto market crash just a day ago, where major digital assets faced severe downtrends. Along with that, massive positions got liquidated, leaving investors in shock and losses. One such victim is a Bitcoin whale, who has lost $14.43M in liquidations with this event. Let’s discuss how this happened.
Bitcoin Whale Lost $14.43M Amid Crypto Market Crash
A Bitcoin whale, identified by the walled address “IBribe2MuchZ7650399733,” became the biggest victim of the cryptocurrency market crash after its 7,511 cWBTC ($14.43 million) got liquidated in this incident. Though this event has been part of the severe liquidation, influencing the entire market, this whale’s loss history brought the community’s attention.
According to the Lookonchain X post, the crypto whale lost twice in liquidation due to a 2022 crypto market crash. At that time, it lost 74,426 cWBTC ($32.82 million), showing the market’s unpredictability.
This is now a lesson for fellow investors, clearly portraying how leveraged positions could become dangerous in turmoil.
Why Did the Crypto Market Crash Recently?
After two serious downfall incidents, the crypto market recently experienced another one. As a result, the Bitcoin price dropped even below $95k, triggering widespread panic.
Top altcoins, such as Ethereum, Solana, XRP, and others, also declined severely, increasing the intensity of bearish sentiments. Not to forget, U.S. President Donald Trump imposed tariffs, creating global economic uncertainty.
At the same time, capital inflows into Bitcoin and Ethereum dropped over 30%. The LIBRA meme coin scam also crashed investors’ confidence, with victims losing over $286M. Though this happened days ago, new updates on the situation keep the bearish sentiments dominant.
Is There a Recovery in Sight?
Although such market turmoil is nothing new, the recovery can take days. The last crypto market downtrend has already brought the dominance of bearish sentiments from greed, but the recent one is pushing it even down, especially with the Bitcoin price downtrend and whales’ selling activities.
Even at the time of reporting, most crypto tokens are consolidating, showing signs of a decline in investor confidence. The recovery could begin if the BTC bull run sustains and the Bitcoin ETF inflows grow, driving institutional interest. However, the turbulence will likely affect the market in the short term unless bullish momentum builds.
Final Thoughts
2025 began with a great start, but the market’s volatility soon took over the bullish momentum. This resulted in three significant crypto market crash events and massive liquidation, including for the aforementioned crypto whale. Lookonchain reveals this is the second major liquidation for this investor, with the first being in 2022 and more drastic. The entire market suffered as the Bitcoin price dropped below $95k, and others followed. A recovery might occur with the return of bullish momentum amid positive macroeconomic events of crypto-favoring trends.
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