Bitcoin Price Drops, Meme Coin Drops

Memecoin slumped after Bitcoin price fell, (Photo; Doc, CryptoRank)

JAKARTA - The crypto market has recently experienced severe shocks, with more than 45,000 traders liquidated in the last 24 hours. This red market condition indicates a difficult period for investors.

The coin meme industry, known for its volatility, is also slumping. Coins such as BONK, PEPE, and FLOKI are at the forefront of this negative trend, experiencing a significant decline.

Laporan dari CryptoPotato sebelumnya menunjukkan momentum positif di pasar, dengan Bitcoin sempat melonjak di atas $64,000 (sekitar Rp1.040.000). Namun, aset kripto utama ini gagal mempertahankan posisinya dan mengalami penurunan taja hingga ke level terendah dalam ten hari, jatuh di bawah $62.000 (sekitar Rp1.007.000.000).

Bitcoin is currently still in the red zone, losing more than 2% of its market value. Other Altcoins also suffered the same fate, with Solana dropping 5% to $136 (around Rp2,210,000), and Ethereum dropping 3.2%, struggling to stay above $3,200 (around Rp52,000,000).

Coin memes also suffered heavy losses, with BONK dropping nearly 10%, PEPE dropping 8.5%, and FLOKI dropping 7.5%. As a result, more than 45,000 traders who took high risk with high leverage have been liquidated, with total destroyed position value reaching more than $100 million (approximately Rp1,625,000,000).

The largest liquidation was recorded in OKX, with a value of nearly $3 million (approximately IDR 48,750,000). Although market sentiment currently tends to bearish, there are still some positive developments that may be able to reverse this downward trend for Bitcoin in the future.