Crypto Bloodbath: $1B+ Liquidated as Bitcoin Crashes Below $90K

Crypto Bloodbath: $1B+ Liquidated as Bitcoin Crashes Below $90K

On November 18, 2025, the crypto market is taking a nosedive, with more than $1 billion in liquidations happening in just 24 hours — $718 million of that coming from long positions. Bitcoin’s steep fall below the critical $90,000 mark has triggered a wave of forced sell-offs, pushing the total market cap down over 5% to around $3.1 trillion. Traders are in panic mode, as the Crypto Fear and Greed Index reaches its lowest point since February 2025.

Among the major players, Solana and XRP are feeling the pinch the hardest. Solana dropped between 4% and 5.8% in just a day, now sitting between $137 and $143, with $47.11 million in SOL liquidated and trading volume soaring by 76% to $9.17 billion as selling pressure intensifies. Surprisingly, Solana’s network held strong, processing around 6,000 to 10,000 transactions per second without any issues. XRP, on the other hand, had a rougher time, slipping 4% to 6% to around $2.16 to $2.18, with $28 million wiped out — mainly from long positions — after it couldn’t break the $2.30 resistance, despite seeing a huge 342% jump in volume over the weekend.

The chaos can be traced back to a combination of factors: Bitcoin’s alarming “death cross,” disappointing U.S. economic data, dwindling chances of a Federal Reserve rate cut (now at less than 50%), and a strengthening dollar. Even the launch of the first U.S. spot XRP ETF (XRPC), which pulled in $58.6 million on its first day, wasn't enough to stop the downward spiral. With fear running high and macro challenges piling up, it looks like the crypto winter has returned with a vengeance.