Crypto Liquidations Hit $801M Today; What’s Next for Altseason 2025?

The crypto market has continued to bleed, led by Bitcoin (BTC). The total crypto market cap slipped 2% to hover around $3.12 trillion on Monday, November 17 during the late North American trading session. 

As a result, more than 154k traders were liquidated, with total liquidations totaling about $801 million. Out of this, around $500 million involved long traders, thus further strengthening the midterm crypto selloff through a long-squeeze.

Crypto Traders Fear for the Worst

The crypto market has been trapped in a series of brutal sell-offs in the past four weeks. In the past 41 days, the total crypto market cap has dropped over $1.1 trillion amid heavy liquidations of long traders.

Source: X

As a result, the fear of a further crypto crash is palpable. According to Binance-backed CoinMarketCap (CMC), the Crypto Fear and Greed Index has dropped to 17, almost the lowest level year-to-date.

Source: CoinMarketCap

What’s Next for Altseason?

According to market data analysis from CMC, crypto traders have been favoring a Bitcoin season in the past few days. The CMC’s Altcoin Season Index hovered around 30/100 as the majority of the crypto projects bleeds amid low fresh liquidity.

Source: CoinMarketCap

However, several key macroeconomic events are expected to trigger a fresh wave of global liquidity injection. Historically, a spike in global money supply has favored bullish sentiment for the wider crypto market. Some of the wider macroeconomic events to consider for bullish altseason 2025 include: 

• The US is preparing $2,000 stimulus checks.

• Japan is preparing a $110 billion stimulus package.

• China has approved a $1.4 trillion stimulus package.

• The Fed is officially ending Quantitative Tightening (QT) on December 1st.

• Canada is restarting its Quantitative Easing program.

• Global M2 money supply is at a record $137 trillion.

• Global rate cuts are at more than 320 over the last 24 months.