News View Non-AMP

Crypto Crash Today – What’s Behind the Sudden Drop?

Published by
Shrishesh Tanksalkar

Institutional Moves Add Pressure

The cryptocurrency market’s fall is largely driven by institutional activity and the upcoming derivatives expiries. The due $9.4 billion in Bitcoin options and $1.3 billion in Ethereum options are creating volatility as traders adjust positions, leading to widespread liquidations. Notably, Bitcoin ETFs saw a daily net outflow of $438 million. While BlackRock’s IBIT recorded a $267 million inflow, Bitwise BTC lost $280 million, revealing contrasting market views.

The industry experienced $489 million worth of liquidations, affecting 186,000+ traders in a mere 24 hours. As a result, the crypto industry’s market cap fell by $16 billion, and now hovers around $3.27 trillion. 

Altcoins React Amid Volatility

Bitcoin’s 3.72% drop weighed heavily on the broader market, pulling down major altcoins like Solana (-6.19%) and XRP (-1.48%). Ethereum, however, showed resilience, gaining 1.09% as investors diversified. Uncertainty hit smaller tokens harder, with The Sandbox plunging 16.80%, marking it as the day’s top loser.

Explore our in-depth Bitcoin Price Prediction to analyze whether BTC can break the psychological $100k barrier anytime soon.

Top Performers Amid Chaos

Despite the downturn, some tokens surged, showcasing trading interest in decentralized finance (DeFi). Lido DAO (+7.67%), Uniswap (+6.07%), and Arbitrum (+5.34%) led the gainers, signaling pockets of optimism.

FAQs

1. Why did the crypto market drop today?

The market decline is attributed to upcoming Bitcoin and Ethereum option expiries, widespread liquidations, and institutional sentiment reflected in ETF outflows.

2. How much was liquidated in the last 24 hours?

Over $489 million in liquidations were recorded, impacting more than 186,000 traders.

3. Are there any coins gaining today?

Yes, Lido DAO (+7.67%), Uniswap (+6.07%), and Arbitrum (+5.34%) were top gainers despite the market downturn.

4. What’s the current sentiment in the market?

The Fear & Greed Index is at 84, indicating Extreme Greed, even amidst the market’s volatility.

Shrishesh Tanksalkar

Shrishesh is a versatile writer with 2+ years of experience in cryptocurrencies. An engineer turned storyteller, this selective introvert is a wannabe biker on weekends.

Recent Posts

Best Crypto to Buy in 2025? Analysts Eye Future Pepe as Altcoin Season Heats Up  Could It Outpace SHIBA, PEPE & BONK?

As Bitcoin and Ethereum fuel the resurgence of Altcoin Season 2025, investors are scanning the…

July 28, 2025

Top Meme Coin to Invest in Today for 100x ROI, According to a Dogecoin (DOGE) Millionaire

Dogecoin millionaire who turned four figures into millions returns with new meme coin prediction. Which…

July 28, 2025

XRP Price Prediction For July 28

XRP is holding on to recent gains after a decent move over the weekend. The…

July 28, 2025

SquadSwap is What CEXes Promised But Never Delivered

Since Bitcoin’s launch more than a decade ago, centralized exchanges have promised speed, efficiency, control,…

July 28, 2025

Trump Backs U.S. Crypto Boom: “Bitcoin Is Great for Our Country”

Bitcoin has been breaking new highs lately, and President Donald Trump is all in. Once…

July 28, 2025

Is Cardano the Best Crypto Buy Right Now or Are Pepe and Remittix Positioned to Deliver Bigger Moves?

Cardano has been flashing strong accumulation signals lately, but so has PEPE. And while both…

July 28, 2025