$10B+ Liquidation Opens “Dip-Buying” Window: Which Cryptos Could Rebound Next?

Market Context

This liquidation is among the largest in crypto history in terms of dollar value. According to CoinGlass, about $9.55B in leveraged positions were wiped out—$8B from longs, $1.55B from shorts. Bitcoin and Ethereum led the losses, with respective liquidations of ~$1.37B and ~$1.26B.

The trigger was geopolitical: the U.S., under President Trump, threatened 100% tariffs on Chinese imports, enflaming tension and risk aversion in global markets. The Chinese Ministry of Commerce responded by announcing export licensing controls for goods containing >0.1% rare earth elements.

Markets responded with forced unwindings, cascades of liquidations, and sharp drop in crypto valuations.

Technical Details with Attribution

• The liquidation magnitude: ~9.55 billion USD in open positions were closed forcibly: ~8B from long positions and ~1.55B from shorts.
• Major chains like Bitcoin and Ethereum bore the brunt, with ~$1.37B and ~$1.26B in liquidations respectively.
• Price of Bitcoin dropped to ~$115,000 during the sell-off wave.
• Among tokens gaining attention post-sell-off:
   • Bitcoin Hyper (HYPER): a Layer 2 project for BTC that claims to bridge BTC to smart contract functionality using a Solana VM + ZK-rollups. The article notes its presale has already gathered ~$23.3M.
   • Maxi Doge (MAXI): an altcoin blending meme + futures utility, with a presale of ~$3.5M claimed. The project plans to integrate into futures platforms and host trading competitions.

The article frames these as speculative “dip buys” during extreme volatility, but with high risk.

Analyst Perspectives

Some analysts see this liquidation as a shake-out phase that may cleanse overleveraged positions and present buying opportunities for moderately strong projects. The very severity of the crash could catalyze capital rotation into undervalued or innovative protocols.

However, others caution that not all “discounts” are safe—projects still need strong fundamentals, clear use cases, and resilient tokenomics. Buying during such volatile rebounds carries significant risk, especially if another macro shock arrives.

Global Impact Note

This scale of liquidation demonstrates how quickly margin stress, geopolitical tension, and leverage interplay in crypto markets globally. If capital flows rebound to selected tokens, it may reshape which ecosystems lead the next phase of growth. Conversely, weaker projects may suffer permanent damage or fade.