Crypto markets are under heavy pressure today, raising the big question: why is crypto crashing today? Bitcoin 
BTC ▼-2.36% dropped below $112K, now trading at $112,660, dragging the total market cap to $3.9 trillion. According to Coinglass, over 402,000 traders were liquidated in the last 24 hours, wiping out $1.7 billion in positions. Longs bore the brunt, accounting for $1.62 billion in losses, while shorts only lost about $85.8 million. Ethereum 
ETH ▼-5.82% saw $483 million liquidated, while Bitcoin traders lost $276 million.
The selloff comes as traders brace for over $517 million worth of token unlocks in the next seven days, sparking fears of further selling pressure.
(Source: Coinglass)
Despite the red across the board, investors are already asking what could be the best crypto to buy during this dip. Historically, such pullbacks have opened long-term accumulation opportunities, though near-term volatility may persist. Is this the final bottom?
EXPLORE: Best New Cryptocurrencies to Invest in 2025
What’s Next for Bitcoin and the Market?
While liquidations and token unlocks explain the immediate crash, macro uncertainty also weighs on sentiment. Still, one silver lining is the $163 million of inflows into U.S. Bitcoin spot ETFs, showing institutional demand hasn’t dried up.
Bitcoin now faces a critical test at the $112K support zone. If bulls fail to hold this level, BTC could revisit $108K or even $100K. On the upside, reclaiming $117K would open the door for another attempt toward $123K. Ethereum also remains in focus after its drop, with traders watching whether it can stabilize above $4,000.
24h7d1y
For investors with a longer horizon, dips like these often highlight the best crypto to buy, especially top assets like BTC, ETH, and SOL. However, traders should stay mindful of near-term volatility as the market digests both liquidations and unlock-driven supply shocks.
There are no live updates available yet. Please check back soon!
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
90hr+
Weekly Research
100k+
Monthly readers
50+
Expert contributors
2000+
Crypto Projects Reviewed
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now 
