Dogecoin Leads Losses Amid ‘Profit Taking’ Following Bitcoin's All-Time High
2025-07-15 12:17:14
Main Idea
The crypto market experienced a sharp decline following Bitcoin's record high, with major altcoins also posting losses, as analysts attribute the downturn to healthy profit-taking rather than a shift in market sentiment.
Key Points
1. Bitcoin dropped from $123,000 to $117,000, a 3.7% decline, while altcoins like ETH, XRP, and SOL also saw significant losses.
2. Dogecoin (DOGE) led the losses among top 10 cryptocurrencies, plummeting 7% to $0.19 amid a broad-based selloff.
3. Analysts describe the downturn as 'healthy profit-taking' rather than a shift in market sentiment, with market volume and demand remaining strong.
4. The downturn triggered $463.1 million in liquidations, with $385 million from bullish positions, including $140 million in Bitcoin long positions.
5. Analysts expect Bitcoin to stabilize in the $110,000-$115,000 range, with ETH, SOL, and BNB likely to follow similar trends.
Description
The crypto market slipped Tuesday morning in a “classic breakout-pullback sequence,” in the wake of Bitcoin’s record $123,000 high.
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