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.
Bitcoin briefly reached a three-week high near $65,600 before retreating to around $64,000, influenced by lower-than-expected US inflation data and geopolitical tensions. Ethereum also reversed from a six-week peak near $1,950, slipping below $1,900....
Bitcoin fell back to $64,000 after reaching a monthly peak of $65,500 due to profit-taking and geopolitical tensions from Iranian strikes on U.S. bases. Most altcoins also declined as bearish sentiment dominated the market, with XRP futures showing i...
Bitcoin price briefly rose to nearly $65,470 following softer US inflation reports, raising hopes the Federal Reserve might pause rate hikes. However, profit-taking by long-term holders and whales around the $65,000 resistance led to a pullback towar...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
Bitcoin is currently trading around $64,878 but faces potential downside risks, with analysts projecting a possible drop to $38,000–$39,000 based on past four-year bear market cycles. This would represent a roughly 40% decline from current levels and...
