Crypto Carnage Continues: Weekend Liquidations Trigger Market Bloodbath
Digital assets face another brutal selloff as cascading liquidations hammer investor portfolios.
The Domino Effect
Margin calls and forced position closures create a perfect storm across major exchanges. Bitcoin leads the decline while altcoins suffer even steeper losses.
Weekend Weakness
Thin weekend trading volumes amplify price movements—creating ideal conditions for liquidation cascades. The market's proving once again that crypto never sleeps, even when traditional finance takes weekends off.
Technical Breakdown
Key support levels shattered as automated trading systems trigger sell orders in rapid succession. The leverage bubble pops—again.
Another weekend, another reminder that in crypto, your gains can disappear faster than a banker's promises during a market crash.
Altcoin market gets wrecked in full view of traders
It wasn’t just bitcoin and Ether that got smoked. The altcoin world exploded. The so-called “casino” of meme tokens, hype coins, and barely-liquid projects went up in flames. The ones promising ridiculous gains with zero substance got hit the hardest.
Researchers at Arca said, “If you’re a fully on-chain crypto degenerate trader, however, you witnessed armageddon.” That’s not an exaggeration.
Many of these altcoins had no real liquidity, but they had grown into a big chunk of the market. Back in July, Bitcoin dominated with nearly 65% of the total crypto market cap. Now, that number is down to 58.5%, per CoinMarketCap. History says that kind of drop in Bitcoin dominance usually happens just before a big drawdown. It happened in 2019. Again in 2022. This looks like another round.
Traders expect a long freeze for smaller tokens. The problem? Most of them weren’t even doing well before this collapse. “The problem with alt coins is, yes, they can go up more,” said Morten Christensen, the founder of AirdropAlert. “But they can go -50% in a day or -90% in a week. I am not going to play that game with my portfolio late in the cycle when the odds keep increasing that the end is here.”
Trump memecoin tanks as market looks for direction
Some of the biggest losers this year have been the ones that rode into the spotlight on buzz and branding.
The TRUMP memecoin, which launched in January, has now lost nearly 78% of its value. Most of that came before the weekend collapse. Another one (XRP, still ranked as the fifth-biggest crypto) is back where it started in January. No gains. Just pain.
A few coins did manage to stay green for the year. BNB, which is tied to Binance, is up 81% so far in 2025. But that doesn’t mean it’s all good news.
“These assets in particular have been subject to a considerable amount of risk, as we saw this weekend,” said John Todaro, analyst at Needham & Co. “Yet they’ve been underperforming large-cap crypto assets, equities and gold. In short, taking on significantly more risk for what has been less reward.”
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