The crypto market posted a sharp recovery this week, with total capitalization jumping from around $3.26 trillion to $3.49 trillion in roughly 38 hours, according to TradingView data shared by analyst Ash Crypto.
The swing restored about $227 billion that had been wiped out in the earlier correction and showed buyers were ready to step back in once the selling pressure eased. The chart also showed a series of higher lows, which signals that dip buyers were active and that liquidity did not disappear.
That said, the move stalled near the $3.45 trillion resistance band and slipped into a narrow consolidation, with the latest reading near $3.39 trillion and a small 0.09 percent daily decline. Analysts said that pause looks like short-term profit-taking and reflects caution ahead of upcoming macro prints, so the market still needs a clean breakout to reclaim the highs.
On-chain watchers said the timing of the rebound lines up with a classic leverage flush. Coinglass data showed more than $230 million in leveraged positions were wiped out across majors in the past 24 hours. Ethereum took the biggest hit with about $90.66 million in forced liquidations, while Bitcoin saw about $63.99 million.
A red-heavy liquidation map means long traders were leaning too far forward and got knocked out as prices retraced from local highs.
According to one market observer, Dr. MoneyGlitcher, he that the declines often serve to “trigger fear” and shake out leveraged positions before institutional participants re-enter. The remarks implied that the recent volatility may have reflected coordinated liquidity shifts rather than random trading activity.
The liquidation wave was not limited to BTC and ETH. Among altcoins, GIGGLE saw about $15.39 million in liquidations, SOON followed with $14.20 million, and Solana posted around $11.29 million in forced closes. XRP and Zcash printed $9.02 million and $7.05 million, respectively. A few names such as ASTER, ICP and DASH stayed mostly green, indicating limited downside exposure during the flush. That spread shows the reset hit crowded trades first, leaving lightly margined tokens relatively untouched.
The takeaway is that the market has already done a lot of the cleanup work, $227B restored, $230M in leverage gone, but it is now sitting under resistance and will need either calmer macro signals or a new inflow wave to extend the move.
Just Now
Dear LBank User
Our online customer service system is currently experiencing connection issues. We are working actively to resolve the problem, but at this time we cannot provide an exact recovery timeline. We sincerely apologize for any inconvenience this may cause.
If you need assistance, please contact us via email and we will reply as soon as possible.
Thank you for your understanding and patience.
LBank Customer Support Team