Nearly $1.84 billion in leveraged crypto positions were liquidated within 24 hours as Bitcoin fell below $66,000 and Ether dropped under $1,900, marking the largest single-day wipeout since early February. Long positions, especially on Bitcoin, Ether, and Solana, bore the brunt with $1.66 billion liquidated, including a $59.67 million BTC-USDT long on HTX. Major exchanges like Binance, Hyperliquid, and Bybit handled most liquidations. Despite the price drop, Bitcoin open interest rose, indicating new short positions forming and a bearish outlook. Traders now watch closely if Bitcoin breaks below $65,000, which could lead to a further drop to $60,000, while a hold above might allow a relief bounce, though current data suggests continued downward pressure.
Economist Peter Schiff speculated that Bitcoin's recent plunge below $65,000 could signal broader trouble for risk assets or remain isolated to crypto. He suggested this crash might drive investors toward safer assets like gold and silver. Bitcoin ha...
Binance Research attributes Bitcoin's 11% decline in Q2 2026 to capital rotating into a concentrated set of U.S. equity sectors like AI, defense, and energy, as indicated by a high Cboe Dispersion Index of 42. This rotation reduces liquidity for Bitc...
Bitcoin dropped 6.4% to $65,708, with ether also falling below $1,900 amid a broad crypto sell-off, even as global stock markets hit record highs driven by AI enthusiasm. The sell-off was triggered by bearish crypto news including MicroStrategy's bit...
Tom Lee, a Wall Street strategist, described Mark Cuban's recent sale of Bitcoin as 'rage-quitting,' a behavior typical at the end of a crypto winter when investors sell out due to disappointment. Despite Cuban's criticism and sale of most of his Bit...
Bitcoin's price has fallen about 12% to around $67,000, triggering a shift of capital into dollar-pegged stablecoins like USDT and USDC, which have reached multi-month dominance highs. This trend reflects growing risk aversion in the crypto market, c...
