Bitcoin faced heavy selling pressure after the news that Galaxy Digital reportedly sold off 10,000 BTC worth $1.18 billion. They later added more pressure by sending another 2,850 BTC ($330 million) to exchanges just minutes before the market started to slide.
Over the last 24 hours, more than $731 million in crypto positions were liquidated, according to CoinGlass. Nearly 214,000 traders were caught in the move, many of them betting on further price increases.
Ethereum dropped 1.3% to $3,598 and saw $104 million in long positions wiped out. Dogecoin took an even bigger hit, falling 7% to $0.22 and losing $26 million in longs.
Despite the drop, crypto sentiment remains bullish. Bitcoin recently hit an all-time high of $123,100 on July 14. The Crypto Fear & Greed Index is still showing “Greed” with a score of 66.
(BTCUSDT)
Bitcoin is pulling back after rejecting near $122,000 and is now holding just above the $115,600 support level. If this level breaks, the next key support sits around $108,300. The overall trend remains bullish above that zone, but short-term momentum is weakening. A bounce from current levels could retest $119K–$120K, while a deeper correction might target $108K if selling accelerates.
But for now, traders are cautious. If BTC drops back to $119,500, around $3 billion in short positions could be at risk.
EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now
Bitcooin Latest News – BTC Price Drops But These Altcoins Are Showing Strength
While large caps dipped following the news of huge sell-offs, some altcoins surged. SYRUP by Maple Finance jumped 24.5% after being listed on Upbit, one of South Korea’s top exchanges, and is now up 33% on the day.
JUST IN: $SYRUP by @maplefinance is up 24.5% after being listed on Upbit. pic.twitter.com/oBnZ5m8kGn
— CoinGecko (@coingecko) July 25, 2025
Meanwhile, Graphite (GP) is up over 40% in the last 24 hours and nearly 4500% in one month, showing that not all crypto assets are following Bitcoin’s lead. Graphite Protocol is a creator-focused platform starting on Solana, aiming to simplify project launches across multiple blockchains like ETH and Polygon. It offers no-code tools, minting infrastructure, and on-chain utilities like casino games.
In general, the rest of the altcoins are recovering from the overnight dump with BONK already up 8% and ETH recovering a 3%.
Cronos Crypto Price Surge As BTC Hovering Near ATH: Echoes of 2021 Bullrun?
Cronos crypto is gaving its momentum, with the price hitting more than 60% up this month. After the dip on the crypto bear period Cronos market cap is running back to $4.2 billion today. Cro pumps could be an echo to its strong performance in late 2021.
Bitcoin’s proximity to a new all-time high, just 5% away, is lifting the altcoins’ market, and CRO is one of the benefactors, especially with a 15% pump on inclusion in Donald Trump’s crypto reserve and an 8% increase, adding to a 44% year-to-date gain.
If Trump doesn’t pump it higher than today, then what will?
The question is, will Cronos return to its 2021 crypto bullrun heights?
TOKEN6900 Presale Gains Traction With Over $1.1M Raised — Could It Follow USELESS to the Big Leagues?
The hype around meme coins making it to major exchanges is growing. Just recently, OKX listed perpetual futures for USELESS/USDT, signaling rising demand for meme crypto assets.
Meme coin hunters always chase the next breakout like USELESS or SPX6900, and TOKEN6900 (T6900) may be the one. This absurd, Gen-Z-fueled meme coin is deep into presale, with over $1.1 million raised toward a $5 million hard cap.
Built purely on vibes, TOKEN6900 embraces a no-utility, no-roadmap approach that resonates with the TikTok generation. The community is growing fast, mirroring the early cult-like following behind SPX6900, which went on to surpass $1 billion in market cap.
T6900 also offers staking with a 63% APY, giving holders a way to grow their tokens while waiting for the presale to sell out. Tokens can be bought easily via Best Wallet or credit card.
Could TOKEN6900 be next in line for a major listing? With momentum building, a loyal community forming, and memes driving engagement, it’s a strong contender.
BlackRock’s Ethereum ETF Hits $10 Billion in Just One Year
BlackRock’s iShares Ethereum Trust (ETHA) has surpassed $10 billion in assets under management (AUM), just over a year after launch. It is now the fastest non-Bitcoin ETF to reach this milestone and the third-fastest overall in U.S. ETF history, behind only BlackRock’s Bitcoin Trust and Fidelity’s FBTC.
According to Bloomberg’s Eric Balchunas, ETHA doubled from $5 billion to $10 billion in just 10 days, showing strong demand. It ranks among the top five ETFs by inflows over the past week and month.
Ethereum ETFs have gained momentum in July, with $4.7 billion in monthly inflows. On July 17 alone, ETH ETFs brought in $602 million, outpacing Bitcoin ETFs at $523 million. Daily flow data from yesterday shows Fidelity’s Ethereum ETF led with $210.1 million that day.
(Source)
While Bitcoin funds lead in total inflows, Ethereum ETFs are growing faster due to DeFi exposure, staking potential, and Ethereum’s proof-of-stake model, signaling rising institutional confidence in ETH’s long-term value.
Big Bet on Bitcoin Crypto Bust: Trader Wagers on Plunge to $110K BTC/USD
Bitcoin crypto cracked below $116,000 on Friday, and the market followed it straight into the Earth’s crust. We’re in the underworld boys, and sometime “gals.”
More than $731 million vanished in liquidations, with long positions making up the bulk of the bloodbath. CoinGlass data shows $585 million flushed in hours.
“This dump is a pure leverage flush.” – @AshCrypto, X
BTC itself accounted for $140.06 million of those liquidations, falling 2.63% to trade around $115,356.Ethereum followed closely, losing 1.33% to trade near $3,598, with $104.76 million in liquidated long bets.
Among the top altcoins, Dogecoin, SEI, SUI, and XRP were hit the hardest, dropping 7% to 20%. All told, 213,729 traders were liquidated in the last 24 hours. Meanwhile, a new crypto presale is about to rocket when the market turns around. Here’s where this crash heads next:
BonkFun, BONK’s Launchpad, Hits New All-Time High in Market Share
- 50% is used to buy and burn BONK
- 4% goes to the Strategic BONK Reserves
- 4% funds the BonkRewards program
The post Bitcoin Crypto News: BTC Dumps $1.18B as Liquidations Hit $731M – But Altcoins Like SYRUP and Graphite Soar appeared first on 99Bitcoins.
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