Altcoins are showing broad strength following #Bitcoin’s lead, but surging open interest across the sector suggests speculative froth may be building, raising the risk of sharper volatility ahead. Discover more in the latest Week On-Chain below👇 glassno.de/4o927B4
Trading Secrets
24-07-2025 14:24
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Crypto wrap: BTC steady but PUMP, Flare, and Aptos among big altcoin losers
The cryptocurrency market remains largely bullish, but traders are reeling from a sharp downturn seen during the Asian hours on July 24.
As most altcoins flipped negative on the 24 hour timeframe, the global market capitalization fell 1.5% to $3.89 trillion, according to CoinMarketCap data.
Meanwhile, global trading volume over the past 24 hours reached $225 billion, up 20% amid heightened activity.
But as most analysts note, the volatile conditions aside, market sentiment leans bullish.
In the short term, attention is on the significant altcoin declines. PUMP, Flare, and Aptos rank among biggest losers today, even as Bitcoin shows resilience.
Over $960 million liquidated as altcoins fall
Crypto market’s sharp decline has come amid more than $960 million in liquidations in the past 24 hours.
According to Coinglass data, total liquidations jumped more than 260% in the past 24 hours, the majority of those wiped out being long positions.
Data shows $828 million in bullish bets wiped out in the past day, a lot of this coming on the back of traders being caught off-guard by sharp altcoin declines.
Per Coinglass, leveraged positions with Ethereum (ETH), Solana (SOL) and XRP contributed significantly to the liquidated longs tally. Bitcoin saw $81 million in leveraged positions rekt.
The downturn appears driven by profit-taking following recent market highs, as well as macroeconomic uncertainties.
Bitcoin steady as BTC price rebounds to $118k
While Bitcoin (BTC) has failed to keep bears off following its run to a new all-time high, the bellwether crypto continues to demonstrate stability.
Bulls have rebounded to highs of $118,377 after a brief stall below $117k.
As altcoins shed some gains, this resilience has Bitcoin’s dominance back above 61%. Ethereum dominance is at 11%.
Bitcoin’s price has hovered around $117,000–$118,000 this week, supported by robust capital flows and institutional demand. Notably, on-chain metrics indicate traders are showing some cautious optimism.
Yet, with reduced profit-taking and steady accumulation by large holders, the overall take is that the leg up isn’t done.
PUMP, Flare, and Aptos top losers in 24 hours
Among the hardest-hit altcoins, PUMP, Flare, and Aptos led the losses over the past 24 hours. PUMP, a meme-driven token, plummeted by 18% to $0.003.
Glassnode analysts say investors might want to cautious amid potential froth.
Elsewhere , Flare (FLR) gave up recent gains as price dropped more than 16% to $0.022. The FLR token jumped early in the week amid key network metrics.
The Aptos (APT) token, native to the high-throughput blockchain platform for decentralized finance, was down 15% to $4.65.
Like the other altcoins, Aptos’ price was down amid profit-taking.
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