On March 3, the cryptocurrency market experienced significant volatility. U.S. President Donald Trump's announcement caused a $350 billion surge, which was quickly followed by one of 2025's most substantial sell-offs.
Rapid Rise and Sharp Market Decline
Major digital assets lost their gains, causing chaos among derivative market traders. More than $1 billion in leveraged positions were liquidated amidst increased volatility.
Bitcoin Drops to $83,000
According to CoinGlass, approximately 300k traders were liquidated in the last 24 hours, with total liquidations exceeding $1 billion. Bitcoin recorded $370 million in liquidation, dropping over 8%.
Bitcoin Bull Cycle Remains Intact
Ki Young Ju, CEO of CryptoQuant, stated that Bitcoin will remain sluggish until U.S. sentiment improves. Despite the fall, fundamentals are strong. 'The bull cycle is still intact,' he noted.
The current situation in the crypto market indicates that despite significant fluctuations, fundamental trends remain unchanged, with market participants continuing to hold hope for improvement.
