The cryptocurrency market kicked off the week with heavy losses after over $1 billion was wiped out in liquidations overnight, causing a sharp dip across major digital assets.

**Massive Liquidations Shake Crypto Markets**

According to data from Coinglass, around 406,000 traders were liquidated in the past 24 hours, resulting in a total loss of $1.71 billion. Most of these were long positions, meaning many investors were betting on prices going up — and lost big when the market dropped. Long liquidations alone made up $1.61 billion of the total.

**Bitcoin and Ethereum ETFs Still See Inflows**

Despite the market slump, interest in spot crypto ETFs remains strong. Data from SoSoValue shows that on Friday, spot Bitcoin ETFs received net inflows of $222.6 million. Spot Ethereum ETFs also saw inflows of $47.8 million, indicating that some investors are still confident in the long-term potential of these cryptocurrencies.

**Top Crypto Losers**

In the last 24 hours, some of the biggest losers included:
– Pi (PI/USD)
– World Liberty Financial (WLFI/USD)
– Conflux (CFUX/USD)

These coins saw significant drops as the broader market turned red.

**Key Developments in Crypto**

Several important updates are making headlines:

– Strategy and Metaplanet announced new Bitcoin purchases even as BTC dropped to around $113,000.
– XRP fell by 4%, but there’s hope as a new project launch could bring back bullish momentum.
– Grayscale launched a new ETF covering five different crypto coins, signaling broader investment strategies in the sector.
– DeFi developer ZeroStack partnered with Solana to push decentralized AI projects forward.
– In Bolivia, high inflation has led some Toyota, BYD, and Yamaha dealerships to accept crypto payments.

**Traders Weigh In on Market Direction**

Crypto analysts are offering mixed opinions on where things are headed next:

– *Altcoin Sherpa* noted that although Bitcoin’s short-term outlook looks weak, its longer-term charts don’t show a full bearish trend. A single strong move upward could shift momentum quickly.
– *Michael van de Poppe* expects Bitcoin might hit a temporary bottom soon, followed by a one to two-week correction before bouncing back.
– *Crypto Tony* predicts a small short-term rally (a “pump”) before another dip, eventually leading to a larger upward move.
– *Ted Pillows* said Bitcoin started the week on a downtrend and isn’t showing signs of recovery yet. He also pointed out that stock markets are influencing crypto sentiment — if equities stay weak, Bitcoin might keep falling.

**Current Crypto Prices (Major Coins):**
– **Bitcoin (BTC):** $112,288.54 (-2.61%)
– **Ethereum (ETH):** $4,150.00 (-6.68%)
– **Dogecoin (DOGE):** $0.2375 (-8.97%)
– **Shiba Inu (SHIB):** $0.000012 (-5.73%)
– **Solana (SOL):** $218.04 (-7.73%)
– **Ripple (XRP):** $2.83 (-4.63%)

With markets this volatile, investors should stay cautious and keep an eye on both crypto and traditional financial trends for signs of stability or further trouble ahead.