Despite a lack of major correction in Q1 2025, the cryptocurrency market experienced a significant surge in the past 24 hours, pushing its total market cap to nearly $3 trillion. This rapid growth, fueled by bullish sentiment and increasing institutional investment, has also sparked widespread liquidations across various cryptocurrencies. According to CoinGlass data, over $658 million was liquidated from the market in the last 24 hours, with notable figures of $321.41 million for Bitcoin and $134.53 million for Ethereum. TradingView reports further highlight a remarkable surge in market capitalization, exceeding crucial moving averages while prompting sudden liquidations. This rapid expansion coincides with renewed interest in Bitcoin ETFs and the growing demand for crypto investment options. 20% of Bitcoin ETF inflows came from iShares Bitcoin Trust in recent days alone.