The cryptocurrency market witnessed significant fluctuations in the last 24 hours. While Bitcoin (BTC) 
$63,520 demonstrated relatively resilient performance, notable declines were observed in altcoins like Solana 
$70 (SOL) and Cardano 
$0.161999 (ADA). During this period, over 250,000 investors faced liquidations across the market.
$746.34 Million Vanished
According to data provided by Coinglass, liquidations totaling $746.34 million occurred within the last day. Of this amount, $501.07 million originated from long positions, while $245.27 million came from short positions. The dominance of long position liquidations, which outnumbered short liquidations two to one, indicates a rapid shift in market sentiment.
After hitting a record high of $109,000 on the first day of the week, Bitcoin was trading around $101,500 at the time of writing. Experiencing a 2.2% decline throughout the day, the leading cryptocurrency displayed greater stability compared to other prominent altcoins. However, Solana saw a drop of over 9% in the last 24 hours, while Cardano fell by more than 5%, reflecting the market’s tendency to avoid risks.
Discussions on Bitcoin Strategic Reserve
As market volatility continues, speculation about the U.S. potentially establishing a Bitcoin Strategic Reserve (SBR) has emerged. According to Polymarket data, the likelihood of President Trump signing an executive order to create an SBR within his first 100 days is 38%.
This concept, which involves considering Bitcoin as a strategic asset akin to gold reserves, necessitates significant planning, regulatory compliance, and cooperation with the Federal Reserve (Fed). Bitget CEO Gracy Chen commented on the SBR idea, stating, “Implementing such a strategy within the first 100 days is entirely speculative. This step requires comprehensive planning and regulatory support.”
