Bitcoin briefly dropped to $61,300 before recovering to around $62,500, triggering $3 billion in liquidations over two days. Derivatives markets show strong bearish sentiment, with increased put option activity at the $60,000 strike and rising implied volatility. Altcoins like Solana and others are also seeing increased short positions amid price declines. The market's weakness reflects investor caution amid geopolitical uncertainty and a shift of interest towards AI in traditional markets, with further downside possible if Bitcoin falls below $60,000 support.
Hyperliquid's price fell over 10% from its record high after BitMEX co-founder Arthur Hayes liquidated his entire HYPE holdings, worth about $18 million. This triggered profit-taking and a broader crypto market downturn amid rising oil prices and geo...
Bitcoin's price has fallen sharply below the critical $65,000 support level, triggering increased selling pressure and market concern. Analyst Ali Martinez highlights that Bitcoin may find its next major support zone around $50,000, a level where sig...
More than half of all bitcoin in circulation is now held at an unrealized loss, with 10.5 million BTC underwater compared to 9.8 million BTC in profit. This crossover, which has historically marked major bear market bottoms, coincides with bitcoin te...
Bitcoin's price appears to have found short-term support around $61,000, slightly above its February low of just under $60,000, according to economist Peter Schiff. Despite recent losses and significant selling pressure from large holders and U.S. sp...
Bitcoin closed May near $70,600 after losing 8-10% due to rising inflation, higher Treasury yields, and geopolitical tensions. The cryptocurrency fell below key holder cost basis levels, increasing potential selling pressure, but found support betwee...
