Bitcoin climbs near $77,400 as $330 million liquidations trigger sharp rally
Synopsis
Bitcoin reached $77,400 on Tuesday. Derivatives-driven trading caused liquidations for over 114,000 traders. Bitcoin and Ethereum saw gains. Major altcoins like XRP and Solana also rallied. Institutional acceptance and ETF inflows support the market. Investors are watching for the next price move. Whales have accumulated significant Bitcoin.
Bitcoin climbed to $77,400 on Tuesday, supported by a sharp derivatives-driven move. Over the past 24 hours, about 114,045 traders were liquidated, with total liquidations reaching $330.56 million. The cryptocurrency traded near $77,465.
In the past 24 hours, Bitcoin and Ethereum were up 2% respectively, and Ethereum traded near the $2,362 mark. Among the major altcoins, XRP, BNB, Solana, Tron, Dogecoin, and Cardano rallied up to 2.5% whereas Hyperliquid slipped 2%.
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The higher move in Bitcoin has been accompanied by significant derivatives activity and the total liquidations highlighted a squeeze on leveraged positions that helped accelerate the upside, said Riya Sehgal, Research Analyst, Delta Exchange.
Crypto TrackerTOP COINS (₹) Bitcoin7,270,140 (2.63%)Ethereum221,763 (2.49%)BNB60,067 (1.93%)XRP136 (1.49%)Tether94 (0.57%)
Sehgal also said that on the macro front, sentiment is being supported by growing institutional acceptance. Notably, Fed Chair nominee Kevin Warsh recently stated that crypto is now part of the US financial system, reinforcing the asset class’s increasing integration into mainstream finance.
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The global crypto market capitalisation went up 2% to $2.6 trillion in the past 24 hours, according to .
WazirX Market’s Desk said the price gains occurred despite the equity sell-off and oil volatility, as the macro data highlighted persistent inflation risks and delayed rate-cut expectations, reinforcing demand for assets less tied to traditional financial systems.
Ethereum and Bitcoin were up 1% and 4% respectively in the past week. Among the major altcoins, XRP, BNB, Solana, Tron, Dogecoin, and Cardano gained up to 6% whereas Hyperliquid fell 8%.
Bitcoin is hovering around the $77,000 range as investors wait for a catalyst to trigger the next leg of the rally. Meanwhile, Bitcoin is building the underlying momentum with buy-side volume from various cohorts showing a sustained increase, said Akshat Siddhant, Lead quant analyst, Mudrex.
Siddhant also said whales have accumulated over 45,000 Bitcoin in the past week, the highest since July 2025, while ETFs recorded $238 million in inflows, reflecting strong institutional confidence. Since this buying pressure is yet to reflect in the price, retail investors could take this as an accumulation opportunity with a long-term view.
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Market perspective
Vikram Subburaj, CEO, Giottus
The asset continues to move within a narrow range which indicates consolidation rather than a confirmed trend breakout. ETF flows reflect this mixed sentiment. After a $238 million net inflow on April 20, flows reversed to a $27.5 million net outflow on April 21.This highlights inconsistent institutional participation.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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