Crypto Market Suffers ₱33.5B Liquidation as Volatility Spikes

The cryptocurrency market recently saw over ₱33.5 billion ($580 million) in liquidations, triggered by sharp volatility in Bitcoin and Ethereum prices. These mass liquidations occur when leveraged positions are forcefully closed amid rapid price swings, leading to cascading sell-offs and temporary rebounds. Analysts note that Bitcoin and Ethereum remain highly sensitive to leverage-driven movements, while broader market sentiment—measured by fear and greed indices—continues to signal caution. Investors are urged to manage risk carefully and monitor liquidity shifts, as short-term recoveries may mask ongoing instability in the crypto market.