- Over $107 million gets liquidated in an hour as BTC price dips to lower $115,000 prices.
- About $105.59 million of these liquidations come from long positions alone.
- Tether mints $2 billion over the last hour, bringing its monthly total mints to $7 billion.
The crypto market seems to be experiencing what could be another small market dip. Most recently, over $107 million gets liquidated in just one hour; of this, $105.59 million came from long positions. Meanwhile, Tether mints $2 billion in USDT around the same time. This is a highly bullish sign, marking a probable increase in crypto prices soon, as often small dips during a bull market are corrected immediately before assets hit higher prices.
Over $107 Million Gets Liquidated in an Hour
The price of Bitcoin (BTC) dipped below the $116,000 price mark today, trading as low as $115,164. This was a significant dip to have occurred in under an hour. As of just a few hours ago, the price of BTC was trading at the $119,535 price range, nearly reclaiming the $120,000 price region. Instead, long positions got annihilated by the drastic drop to the almost $114,000 price range.
As we can see from the post above, over $107 million got liquidated in just one hour. This data shows that most traders had expected the price of BTC to not fall below $116,000 and instead move towards hitting a new ATH price target, as most analysts expected between the $130,000 and $144,000 price range. The fact that around $105.59 million of the liquidations came from long positions means that most at least expected BTC to reclaim its previous ATH price in the $123,000 price range.
According to CoinMarketCap analytics, the price of the pioneer crypto asset Bitcoin (BTC) is now trading in the $115,700 price range, and is boasting a total market cap of $2,300,178,584,695.07 and a 24-hour trading volume of $86,173,700,192.86. As for why the dip occurred, most analysts believe BTC is working on closing one of its last CME gaps in the $114,000 and $115,000 price range. Once this is done, BTC should head to new ATH targets.
Tether Mints $2 Billion USDT
Meanwhile, the stablecoin firm Tether just minted $2 billion USDT in the past hour. This brings Tether’s total USDT mints to $7 billion minted since 1 July 2025, alone. This move suggests supremely bullish expectations for the crypto market as a whole. Furthermore, with higher ATH expectations for BTC and with altseason supposedly at the crypto market’s doorstep, these Tether mintings could signify a massive bullish wave ahead.
Responses to the post above suggest much the same. In particular, one response states that this is a lot of liquidity to be injected into the crypto ecosystem. Similarly, others make comments that ignite greater bullish sentiments. Some altcoins may pump harder than others, or with a greed sentiment on the rise, perhaps new traders will enter the arena and ape hard into specific crypto assets.
