Crypto markets experienced $298 million in leveraged liquidations, primarily in Bitcoin and Ethereum, alongside $90 million in outflows from U.S. spot Bitcoin ETFs. This reflects a broader trend of risk reduction and deleveraging across major cryptocurrencies, with forced liquidations amplifying volatility more than spot price declines. Regulatory developments and large options expiries add to cautious market sentiment, suggesting short-term price sensitivity to liquidity and positioning shifts. Traders are navigating a phase of reduced leverage and lower trading volumes, indicating potential for choppy market conditions ahead.
Macro strategist Michael Gayed dismissed the idea that Shiba Inu (SHIB) could ever hit $1, explaining that its market capitalization would need to surpass the entire global dollar supply to reach that price. Gayed's blunt response highlights the unre...
Franklin Templeton has filed with the SEC to launch two new ETFs that allocate 95% to U.S. equities and 5% to bitcoin, using corporate dividends to buy bitcoin exposure. This innovative structure aims to create a steady, automatic demand for bitcoin ...
Bitcoin fell below $63,000 due to delayed US-Iran peace talks, a cautious Federal Reserve stance, and a strong US dollar, which pressured risk assets. Institutional support weakened as US spot Bitcoin ETFs saw $2.26 billion in outflows in June. Techn...
Bitcoin fell to around $62,400 following a volatile options expiry and significant liquidations, with nearly $136 million in BTC positions closed, mostly from long traders. Concerns over Strategy potentially selling $3-4 billion in Bitcoin to support...
Pi Network's price dropped below the key $0.13 support level, reaching a new low of around $0.1187 after a month-long decline wiping over 15% of its value. Increased selling pressure and higher outflows from exchange wallets indicate weak buyer confi...
