About $315 million in leveraged crypto positions, mostly long trades, were liquidated in the past 24 hours, signaling a market reset. The liquidations, concentrated on Binance and focused on Bitcoin and Ethereum, cleared crowded bullish bets and eased near-term volatility risks. Despite the selloff, prices rebounded with Ethereum and major altcoins gaining, indicating spot buyers absorbed forced selling. The event suggests a market recalibration with a shift toward Ethereum and large-cap altcoins, while overall trading volume and risk appetite cooled.
Bitcoin fell to $59,000, its lowest since 2024, amid ongoing bearish pressure linked to Strategy's failure to maintain its $100-per-Bitcoin peg. Strategy, a major Bitcoin buyer, stopped issuing new shares and sold 32 BTC to cover dividends, weakening...
The funding rate for Bitcoin perpetual futures on OKX has plunged to an extreme annualized -453%, forcing short sellers to pay about 1.3% daily just to hold their positions. This unusually high negative rate indicates a heavy concentration of short b...
Bitcoin rose above $61,800, with Ethereum outperforming by gaining over 4%, signaling a modest risk-on shift in the crypto market. Several major altcoins also saw gains, indicating improving sentiment beyond Bitcoin. However, trading volumes across s...
Bitcoin faces a potential short squeeze as nearly $26 billion in short liquidation leverage sits above its $62,000 price level, while long liquidation exposure remains under $2 billion. Over the past 24 hours, shorts lost $218 million, more than doub...
Standard Chartered predicts that Strategy could announce a significant bitcoin purchase of either 320 BTC or as much as 3,200 BTC following its recent sale of 32 BTC. This potential large-scale accumulation may shift market focus back to strong insti...
