Bitcoin briefly fell below $77,000, triggering nearly $600 million in liquidations within an hour as leveraged traders rushed to exit positions. This sharp correction was driven by selling pressure and significant outflows from US spot Bitcoin ETFs, increasing market uncertainty. Despite the volatility, on-chain data shows long-term investors are accumulating Bitcoin, holding a record 15.26 million BTC, signaling a strategic buy during the dip. This contrasting behavior between short-term selling and long-term buying could influence the crypto market's recovery and stability in the coming weeks.
Bitcoin dropped below $77,000, its lowest since early May, driven by a surge in crude oil prices above $110 per barrel and rising U.S. Treasury yields hitting 5.13% for 30-year bonds—the highest since 2007. This environment pushed investors toward sa...
Bitcoin dropped to around $76,700, its lowest in two weeks, triggered by rising Treasury yields and reduced investor risk appetite. This led to $661 million in crypto position liquidations, mostly long positions, highlighting market vulnerability. U....
Bitcoin's sudden drop below $77,000 led to the liquidation of over $660 million in leveraged positions within 24 hours, hitting bullish traders hardest. Approximately 106,876 traders were liquidated, with long positions accounting for the majority of...
Bitcoin dropped below $77,000 and other major cryptocurrencies like Ethereum, XRP, and Dogecoin also declined following President Donald Trump's warning to Iran, which heightened geopolitical tensions. Over $580 million in crypto positions were liqui...
The gap between large Bitcoin holders (whales) selling and retail investors buying has shrunk to its lowest since January 2024, mirroring patterns seen during the launch of U.S. spot Bitcoin ETFs last year. This divergence suggests market fragility a...
