SoSo Daily Apr 7 | The sharp drop in ETH triggered a massive liquidation, with 67.50 thousand ETH in lending positions being liquidated.
Crypto Market Overview
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM on April 7, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.50 trillion US dollars, witnessing a decrease of 10.5% compared to yesterday.
The total trading volume is 199.15 billion US dollars, marking an increase of 326% from the previous day.
Cryptocurrency Market Update
According to sosovalue, the price of $BTC is 76,672 USD, a decrease of 7.46% from yesterday. The market cap of $BTC is 1.52 trillion USD, accounting for 60.8% of the total market cap; $BTC's 24-hour trading volume is 70.50 billion USD, making up 35.4% of the total trading volume.
The price of $ETH is 1,481.9 USD, down 17.2% from yesterday; the market cap of $ETH is 178.83 billion USD, representing 7.15% of the total market cap; $ETH's 24-hour trading volume is 43.87 billion USD, comprising 22% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.95% of the total cryptocurrency market cap, and their combined trading volumes constitute 57.4% of the total trading volume.
After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 10:32 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is PumpBTC. As of 10:32 today, its market cap is 13.68M, with a coin price of 0.048000 USD, witnessing a 24-hour increase of 380%.
The second is bAI Fund. As of 10:32 today, its coin price is 0.0049400 USD, with a 24-hour increase of 349%.
The third is Amnis Finance. As of 10:32 today, its coin price is 0.071690 USD, showing a 24-hour increase of 32%.
In fourth place is tomiNet. As of 10:32 today, its coin price is 0.0034340 USD, with a 24-hour rise of 27.4%.
In fifth place is LUCE. As of 10:32 today, its coin price is 0.011890 USD, increasing by 24.4% over the last 24 hours.
Crypto Market Sector Performance
Moving on, let's take a look at the sector performance in the crypto market.
According to sosovalue, out of 16 sectors, 0 are up and 16 are down. Notably, the Meme, PayFi, and $ETH sectors are worth mentioning.
Meme Sector
The Meme sector has fallen by 14% relative to the UTC 0 time, led by declines in HIPPO (-58.3%), BENDOG (-31.9%), and DOGINME (-31.3%).
PayFi Sector
The PayFi sector has decreased by 15% relative to UTC 0, with ECOX (-26.4%), SAFE (-22.6%), and TEL (-17.6%) leading the drop.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:According to reports from @EmberCN, as the market declined, a certain whale address had a total of 67.50 thousand $ETH (approximately 105 million USD) in lending positions fully liquidated when $ETH dropped to around 1,650 USD, further exacerbating the downward pressure on $ETH prices. This whale address had added 2,160 $ETH as collateral at 1 AM to lower the liquidation threshold, but ultimately was still liquidated around 6 AM, repaying its 74.40 million USD DAI loan.
Next news:
According to Wu's report and monitoring by @EmberCN, the "Hyperliquid 50x Whale" has gone long on 32.80 thousand $ETH with 20x leverage, valued at approximately 47.62 million USD. This whale transferred 3 million USDC into Hyperliquid as margin 20 minutes ago, with an entry price of 1,461.6 USD and a liquidation price of 1,399 USD.
Next news:Bitcoin's price has fallen below 80 thousand USD, leading to a decline in the cryptocurrency market. On Sunday, Bitcoin dropped over 3% within two hours, with a total decline of 3.4% in the last 24 hours. Ethereum performed even worse, dropping nearly 8% over the same period. According to TradingView data, the ETHBTC ratio is nearing a five-year low. The Block's GMCI 30 index shows that the top 30 cryptocurrencies have collectively dropped over 6%, with a year-to-date decline of over 32%. However, Pi Network and ZCash have seen gains against this trend. This drop is related to the international market opening under an uncertain macroeconomic environment, as U.S. President Trump imposed significant tariffs on most countries last Wednesday, resulting in the worst stock market performance. Injective CEO Eric Chen stated that Bitcoin might perform better due to changes in market structure, with demand coming from retirement accounts, macro funds, and corporate treasuries.
Next news:"64,792 $ETH whales on the verge of liquidation" with a liquidation price of $1,564.58, leaving only $5 of room.
Next news:Data: In the past 24 hours, the total liquidation across the network reached 970.00 million USD, with long positions liquidated amounting to 837.00 million USD.
Next news:BTC price falls below $76,000, down 8.06% for the day. According to a PANews report on April 7, the OKX market shows that $BTC has just dropped below $76,000, with the current trading price at $75,891.00, down 8.06% for the day.
Next news:The Hong Kong Securities and Futures Commission (SFC) announced that it will allow licensed cryptocurrency platforms and exchange-traded funds (ETFs) to offer staking services. This initiative is part of Hong Kong's plan to become a cryptocurrency hub. The SFC noted that staking services contribute to the security of blockchain networks but requires platforms to obtain written approval before offering the services and to implement safeguards to prevent errors and protect customer assets. This move is part of the cryptocurrency framework roadmap announced by the Hong Kong government in February, aimed at accelerating the development of the cryptocurrency industry, especially in the context of increasing global competition.
Next news:
According to Foresight News, monitored by Lookonchain, two large whales deposited 1,933.2 $BTC to Binance in the past 50 minutes, worth approximately $149.25 million.
According to Foresight News, monitored by Lookonchain, two large whales deposited 1,933.2 $BTC to Binance in the past 50 minutes, worth approximately $149.25 million.
Next news:
According to Foresight News, monitoring by PeckShieldAlert revealed that an address that had collateralized 6,990 WETH and borrowed 88.80 million DAI was liquidated for 919.77 WETH, worth approximately 1.40 million USD.
According to Foresight News, monitoring by PeckShieldAlert revealed that an address that had collateralized 6,990 WETH and borrowed 88.80 million DAI was liquidated for 919.77 WETH, worth approximately 1.40 million USD.
Next news:A certain whale is facing liquidation of 292.77 WBTC and 964.39 COMP positions, valued at approximately 23.08 million USD.
Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.