Which cryptocurrencies registered the biggest vh drop? | Capital flight from altcoins The price of Tether fell

The price drop continues in a large part of the digital currency market; While Bitcoin has recovered some of its losses, Ethereum and many altcoins are still under selling pressure.

Digital currency - Meshya Heydarian; The digital currency market continues to trade on Tuesday 21 October 1405 with selling pressure in a large part of cryptocurrencies. The relative return of Bitcoin after the overnight drop has not yet been able to completely change the market environment, and the price reduction of altcoins, the withdrawal of capital from stock exchange funds and the forced closing of leveraged transactions are still in the focus of traders' attention.

Bitcoin's return from the $81,000 floor

At the time of writing this report, Bitcoin is trading at $83,262 and has recorded a 0.32% growth in the 24-hour period. The market value of this cryptocurrency has reached about 1,674 billion dollars. This limited recovery comes after Bitcoin's price dropped below $81,000 in recent trading.

Reports on Tuesday (October 13, 2026) suggest that Bitcoin is back in the $83,000-$84,000 range after a wave of forced selling in the derivatives market. Despite this recovery, the price is still subject to fluctuations due to changes in capital flow and leveraged trading positions.

1.16 billion dollar liquidation wave; Why did the sales intensify?

One of the most important developments in recent transactions is the increase in the volume of closed forced trading positions in the derivatives market. According to the report that Coinmarketcap published today (October 21, 1405), about 1.16 billion dollars of cryptocurrency trading positions were liquidated in a 24-hour period, and nearly 90% of this figure was allocated to buying positions.

The predominance of liquidation of long positions meant that many traders had counted on the price to rise, but the market decline forced them to close out their trades. These forced sales can intensify the downward pressure; Especially when highly leveraged traders have entered the market.

CoinMarketCap's data also suggests a drop in the value of the entire cryptocurrency market during the selloff. In this situation, altcoins may experience a sharper drop than Bitcoin due to their lower liquidity and greater sensitivity to changes in leveraged trading.

Ethereum continues to lag behind Bitcoin

Ethereum is currently trading at $2,503, down 1.54% in the last 24 hours. The market value of this cryptocurrency has reached about 305.3 billion dollars.

The gap between the performance of Ethereum and Bitcoin in recent trading, along with the outflow of capital from exchange funds, has drawn the attention of traders to institutional demand for the second largest cryptocurrency in the market. Bitcoin spot funds in the U.S. recorded about $678.9 million in net outflows during the trading week ending October 9. The withdrawal of capital from Ethereum spot funds also reached about 542.2 million dollars in the same period. These figures are from last week and should not be considered the same as today's capital flow; Nevertheless, the stable return of demand in stock exchange funds can be one of the important signs to evaluate the market situation in the coming days.

Altcoins under heavy selling pressure

Among the cryptocurrencies that have had a significant drop during recent trading, Etna with the symbol ENA has a significant position. In its report on October 13, Coinmarketcap has reported about a 15% drop in the price of this token in a 24-hour period. The general selling pressure of the market, the withdrawal of capital from the positions related to the Etna protocol and the profiteering of some large holders are some of the factors proposed for this drop.

ZCash has also been under pressure in the recent wave of sales. Coinmarketcap's report indicates a drop of about 5.5% of this cryptocurrency in some transactions. In the same report, nearly $19.9 million of ZCash trading positions were liquidated; A number that indicates the role of leveraged trading in intensifying the volatility of this cryptocurrency.

At the time of writing this report, the price of ZCash is 1,190 dollars and shows a drop of 8.08% in 24 hours. Nair Protocol also recorded a decrease of 12.26% with a price of $5.0415. Pumpfan with a drop of 12.03%, Quant with a drop of 11.42% and Etna with a drop of 9.33% are other cryptocurrencies under pressure in the reviewed list.

On the other hand, Stax has reached $0.41559 with a growth of 6.83%. Despite these exceptions, the large number of negative cryptocurrencies suggests that the selling pressure still extends beyond a limited portion of the market.

Transfer of 378 million dollars of Bitcoin after 6 years of stagnation

In addition to price fluctuations, the transfer of a large amount of Bitcoin after several years of inactivity has also become one of the news of interest in the market. According to DBlock, a Bitcoin whale has moved about $378 million of this asset after 6 years of stagnation.

Transferring bitcoins from an old wallet does not in itself mean selling assets. To assess the possible effect of such transfers on the price, the destination of the asset, the connection of the wallet with the exchanges and subsequent changes in its balance should be examined. However, large transfers during periods of volatility usually draw traders' attention to the possibility of long-term holders changing their behavior.

Tether fell to 254 thousand tomans

The price of Tether has reached 254,750 tomans at the time of writing this report. The rate of this stablecoin increased to 261 thousand 150 Tomans in the last 24 hours and then returned to the current level. The lowest rate recorded in the same period has been announced as 254,750 Tomans.

What factors is the crypto market looking at in the rest of the day?

The release of the US consumer price index for September on Wednesday, October 14, is one of the important events facing the financial markets. The result of this report can affect expectations about the Federal Reserve's monetary policy and affect risky assets, including cryptocurrencies, from the path of changing the value of the dollar and the yield of treasury bonds.

In the short term, maintaining the $83,000 range for Bitcoin, reducing selling pressure in leveraged transactions, and changing the capital flow of stock exchange funds will be important market variables. The return of the price after a sharp drop can be a sign of the entry of buyers, but without the continuation of demand and the improvement of the performance of altcoins, we cannot talk about the end of the market correction.