Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    5 cryptos that could explode and create millionaires in 2025

    August 17, 2025

    Why PEPETO is leading the pack among today’s crypto coins

    August 17, 2025

    These 4 cryptos could soar as Eric Trump says stop betting against world’s largest cryptos

    August 16, 2025
    Facebook X (Twitter) Instagram
    Cryptify Now
    • Home
    • Features
      • Typography
      • Contact
      • View All On Demos
    • Typography
    • Buy Now
    X (Twitter) Instagram YouTube LinkedIn
    Cryptify Now
    You are at:Home » Bitcoin held its ground, altcoins saw rough start to 2025
    Crypto

    Bitcoin held its ground, altcoins saw rough start to 2025

    James WilsonBy James WilsonFebruary 8, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Bitcoin remained resilient during the latest market sell-off, while altcoins faced estimated liquidations of $8 billion to $10 billion, with funding rates turning deeply negative, a survey claims.

    A sharp spike in volatility shook the crypto market, erasing billions in open interest, with Bybit and Block Scholes reporting that Bitcoin (BTC) stayed steady while altcoins took the biggest hit.

    In a research report shared with crypto.news, Bybit stated that Bitcoin “outperformed relative to the wider crypto market,” adding that its perpetual swaps fared better as well. In contrast, the Ethereum (ETH) options market experienced a sharp spike in short-term volatility, surging above 140%, its highest level in over three months.

    Bybit: Bitcoin held its ground, altcoins saw rough start to 2025 - 1
    Bybit perp open interest | Source: Bybit

    Liquidations were brutal. As crypto.news earlier reported, Bybit CEO Ben Zhou estimates that the true notional value of liquidated positions could have been “at least $8 billion to $10 billion.” Across BTC, ETH, XRP (XRP), and Solana (SOL)’s perpetual swaps, more than $3.1 billion in open interest vanished after a late-Friday high.

    Funding rates drop for altcoins

    Funding rates reflected the bearish shift. Altcoins saw deeper negative funding rates in the days following the crash, while BTC remained relatively stable, the report states. Open interest levels plummeted across major tokens, with one key exception—Bitcoin’s options market. Unlike perpetuals, Bitcoin options did not experience a major liquidation event, and its term structure inversion quickly resolved, Bybit noted.

    Despite the market turmoil, trading volume surged, with over $31.1 billion in perpetual swaps traded on Feb. 2, marking the highest daily volume in over a month. For Bitcoin, short-term options volatility eased after an early-week spike, suggesting a return to stability, at least for now.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleMichael Saylor’s Strategy makes up metrics to explain MSTR dilution
    Next Article Progressive Think Tank Says TRUMP Memecoin Could Be Violating Anti-Bribery Laws, Asks DOJ To Investigate
    James Wilson

    Related Posts

    5 cryptos that could explode and create millionaires in 2025

    August 17, 2025

    Why PEPETO is leading the pack among today’s crypto coins

    August 17, 2025

    These 4 cryptos could soar as Eric Trump says stop betting against world’s largest cryptos

    August 16, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Remittix (RTX) hits $4m presale as XRP holders take notice

    February 4, 2025

    Here’s why OKB price spiked 20% today

    February 4, 2025

    iDEGEN price prediction: Is this the AI agent token to buy?

    February 4, 2025

    Gate.io to list CYBRO token on Dec 14 after $7M presale success

    February 4, 2025
    Don't Miss

    5 cryptos that could explode and create millionaires in 2025

    By James WilsonAugust 17, 2025

    Disclosure: This article does not represent investment advice. The content and materials featured on this…

    Why PEPETO is leading the pack among today’s crypto coins

    August 17, 2025

    These 4 cryptos could soar as Eric Trump says stop betting against world’s largest cryptos

    August 16, 2025

    From Apes to Punks, NFTs roar back with triple the buyers

    August 16, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Demo
    About Us
    About Us

    CryptifyNow: Your daily source for the latest insights, news, and analysis in the ever-evolving world of cryptocurrency.

    X (Twitter) Instagram YouTube LinkedIn
    Our Picks

    5 cryptos that could explode and create millionaires in 2025

    August 17, 2025

    Why PEPETO is leading the pack among today’s crypto coins

    August 17, 2025

    These 4 cryptos could soar as Eric Trump says stop betting against world’s largest cryptos

    August 16, 2025
    Lithosphere News Releases

    Colle AI’s iOS App Launch Brings Multichain NFT Creation to Mobile

    February 4, 2025

    AGII Transforms Web3 Infrastructure with AI-Optimized Smart Contracts

    February 4, 2025

    Colle AI (COLLE) Allocates $250M for AI Tool Development and Liquidity Growth on Solana

    February 4, 2025
    Copyright © 2025

    Type above and press Enter to search. Press Esc to cancel.