Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Market Meltdown — 5 Altcoins Plunge Over 50% as Crypto Liquidations Exceed $900 Million

Market Meltdown — 5 Altcoins Plunge Over 50% as Crypto Liquidations Exceed $900 Million

CryptonewslandCryptonewsland2025/10/12 23:39
By:by Irene Kimsy
  • Over $900 million in liquidations triggered the steepest crypto downturn in months.
  • Major altcoins like Aptos, Pi, and Sui each lost more than 50% of their value.
  • Analysts forecast a consolidation phase before a meaningful recovery occurs.

The cryptocurrency market experienced a sharp drop this week, with over $900 million in liquidations within 24 hours. From analysts, some of the top altcoins, including Aptos (APT), Pi (PI), Hyperliquid (HYPE), Sui (SUI), and Litecoin (LTC), dropped over 50% from their recent highs. The drop followed heightened volatility, margin call cascades, and panic selling by investors across the board amid tightening liquidity conditions worldwide.

Market analysts refer to the crash as one of the most significant liquidation events this year. Futures contracts on decentralized as well as centralized exchanges experienced mass unwinding, leading to a chain reaction of forced selling. Traders continued to close leveraged positions despite an attempt at recovery, which suggests that the correction phase may persist before stability is regained.

Aptos (APT): Exceptional Network, Heavy Price Pressure

Aptos, which boasts of outstanding blockchain architecture and fast transaction processing, plummeted by more than 52%. Analysts observe that despite the fact that it has superior scalability and unrivaled throughput, the token is very susceptible to any risk-off sentiment in the market. The trading volumes significantly declined with investors focusing on the aspect of liquidity retention and not assets, which promote growth.

Pi (PI): Innovative Yet Unproven in Market Depth

Pi Network, considered an innovative social-mining platform, recorded a significant 55% drop amid the broader correction. The token’s price slide reflects skepticism about its real-world utility and exchange accessibility. Despite its groundbreaking user acquisition model, experts state that Pi’s valuation remains vulnerable until full exchange integrations and transparent liquidity structures emerge.

Hyperliquid (HYPE): Groundbreaking but Volatile

Hyperliquid, a dynamic trading protocol with unparalleled on-chain liquidity, lost more than half its market capital in the course of days. Though its technological system is generally considered to be revolutionary, analysts highlight that speculative overextension helped to make it so spectacularly fall. The basics of the project are still there yet investor paranoia prevails in the mood.

Sui (SUI) and Litecoin (LTC): Unparalleled Networks Face Macro Pressure

Sui and Litecoin, both categorized as top-tier blockchain assets, fell by approximately 50% each. Sui’s unmatched scalability and premier smart contract infrastructure could not withstand the systemic pressure from high liquidation volumes. Litecoin, one of the oldest and most stable cryptocurrencies, mirrored Bitcoin’s broader weakness, demonstrating how even elite assets are not immune to global risk rebalancing.

Market Outlook

Market strategists expect near-term consolidation as leveraged positions reset. The exceptional volatility reinforces the crypto sector’s cyclical nature and dependence on liquidity conditions. Analysts suggest that recovery will likely depend on macroeconomic stability, renewed investor confidence, and easing global financial constraints.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

IoTeX 2024 Q3 Major Events Review

This year, as the popularity of the DePIN sector continues to rise, IoTeX has achieved several key milestones in the third quarter of 2024, attaining impressive results that have further solidified its position as a leader in the DePIN ecosystem.

IoTeX社区2025/10/13 05:48
IoTeX 2024 Q3 Major Events Review