Bitcoin Updates: While Bitcoin Falters, Altcoins Resist the Slump Amid $226M Crypto Market Turmoil
- $226M crypto liquidations triggered by ETF outflows, thin liquidity, and leveraged unwinds reshaped trading dynamics. - Bitcoin and Ethereum suffered major losses while XRP and ZEC rebounded amid oversold conditions and buyer exhaustion. - Market cap dipped below $3T as $1.91B in leveraged positions closed, including $929M in Bitcoin longs and $36.78M in Hyperliquid losses. - Altcoin rallies and stablecoin liquidity contraction highlighted fragile market structure requiring $1B/week inflows for Bitcoin r
Over the last day, the cryptocurrency sector saw an unprecedented $226 million in liquidations, sparking both long and short squeezes that altered market behavior. This sharp downturn, fueled by ETF withdrawals, low market liquidity, and rapid deleveraging, resulted in
Bitcoin, which had fallen into what analysts called "extremely oversold" territory on the relative strength index (RSI), bounced back from lows around $84,173 and was trading near $86,466 by Sunday. The RSI’s drop below 30—a level often linked to short-term price rebounds—indicated oversold conditions, with experts pointing out that similar RSI readings in 2023 and March 2025 preceded notable recoveries.
The wave of liquidations also hit leveraged trades, with
The recent correction reflects a reset in liquidity, with
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Updates Today: Vitalik Buterin: Privacy Should Be Considered Digital Hygiene, Not an Exclusive Privilege
- Ethereum co-founder Vitalik Buterin donated 256 ETH ($800,000) to privacy-focused messaging platforms Session and SimpleX, advancing metadata privacy in digital communication. - The platforms use decentralized infrastructure and avoid centralized identifiers, addressing vulnerabilities in traditional messaging systems through unique approaches like service nodes and user-controlled servers. - Buterin's move counters EU regulatory pressures on encrypted messaging, emphasizing privacy as a fundamental righ
Bitcoin Latest Updates: Severe Fear Index: A Sign of Impending Crypto Market Rebound?
- Alternative Data's Crypto Fear & Greed Index rose to 20, still reflecting extreme fear despite slight optimism, driven by volatility, volume, and social metrics. - Bitcoin fell 30% from October peaks, with $3.5B ETF outflows and $800M stablecoin exits worsening liquidity risks amid macroeconomic uncertainty. - Bitget CEO Gracy Chen notes extreme fear often precedes market bottoms, citing potential Fed rate cuts (80% priced) as a catalyst for risk-on sentiment. - Altcoins like Kaspa and Ethena saw gains f
SEC Investigates Crypto Company Connected to Trump for Delayed Disclosures and Management Issues
- SEC investigates Alt5 Sigma over delayed CEO suspension disclosure and $1.5B token swap linked to Trump-backed World Liberty Financial. - Discrepancies in reporting a six-week delay in publicizing Peter Tessopoulos' suspension raise compliance concerns and triggered an 83% stock plunge. - Firm's ties to Eric Trump and $500M transfers to Trump-linked entities amplify scrutiny amid allegations of money laundering facilitation. - Executive dismissals without misconduct claims and governance turmoil highligh
Dogecoin News Today: Dogecoin ETFs Struggle to Boost Prices, Underscoring Difficulties in the Altcoin Market
- Dogecoin ETFs (BWOW, GDOG) failed to trigger price recovery, with GDOG's $1.4M day-one volume far below $12M forecasts. - Despite institutional interest in DOGE (7th-largest crypto at $22B), indirect exposure structures lack regulatory protections and face volatility risks. - Technical analysis shows DOGE forming bullish patterns near $0.15, but ETF-driven inflows remain insufficient to break $0.155 resistance. - Altcoin ETFs face uneven reception: Solana/XRP products outperformed DOGE, highlighting chal
Trending news
MoreCrypto prices
More
