WLF Buys $112.8M in Crypto as $1.28B Outflows Surge Amid Donald Trump’s Silence on Crypto

The cryptocurrency market experienced a tumultuous 24 hours marked by sharp sell-offs and widespread liquidations across major altcoins. Bitcoin demonstrated relative resilience compared to its peers, including Solana and Cardano, as traders grappled with heightened volatility.

According to data from Coinglass, over 386,000 traders were liquidated in the past day, with total liquidations amounting to approximately $1.28 billion. Long positions accounted for $816 million, while $307 million came from short liquidations, reflecting a significant shift in market sentiment as prices swung sharply.

Bitcoin, which recently reached a high of $109,000 on Sunday, was trading near $103,500 at press time, showing a modest 2.2% decline over the past 24 hours. This relatively stable performance stands out amidst a broader market downturn. In contrast, altcoins bore the brunt of the sell-off. Solana dropped more than 9% in a single day, while Cardano fell over 5%, as risk-averse traders moved capital toward stablecoins.

FXTM Senior Market Analyst Lukman Otunuga commented on the situation, saying, “Bitcoin’s sensitivity to U.S. economic data and Federal Reserve rate expectations means traders should prepare for continued volatility in the coming days.” Similarly, analysts at QCP Capital noted mixed signals in the market. While elevated funding rates on derivatives platforms such as Deribit suggest underlying optimism, the market appears to be consolidating after its recent rally.

Speculation Over U.S. Bitcoin Strategic Reserve Gains Attention

Amid the market turbulence, speculation surrounding the potential creation of a U.S. Bitcoin Strategic Reserve (SBR) has captured attention. According to Polymarket, there is a 38% chance of President Donald Trump signing an executive order to establish such a reserve within his first 100 days in office.