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Strive Expands Bitcoin Holdings With $185 Million Purchase, Nears 19,000 BTC

Institutional investment firm Strive Asset Management has strengthened its commitment to Bitcoin by acquiring an additional 2,500 BTC in a deal worth more than $185 million.

The latest purchase, announced by CEO Matt Cole, comes at a time of heightened market volatility and during a week when Strategy surprised investors by selling a portion of its Bitcoin holdings.

Bitcoin Treasury Grows to Nearly 19,000 BTC

According to Cole, Strive acquired the new Bitcoin at an average price of $74,092 per coin. The purchase increases the firm’s total holdings to roughly 19,000 BTC, reinforcing its status as one of the most active institutional buyers of the cryptocurrency.

The acquisition reflects continued confidence in Bitcoin’s long term potential despite recent price weakness and broader market uncertainty.

Strong Performance Metrics

Strive also highlighted the performance of its Bitcoin strategy.

The company reported a quarter to date Bitcoin yield of 23%, while its year to date yield has climbed to 36.7%.

In addition, the firm disclosed an amplification ratio of 57%. This metric is generally used to measure how effectively a company increases its Bitcoin exposure relative to its available capital, often through structured financing or other investment strategies.

Balancing Growth With Financial Stability

While continuing to aggressively accumulate Bitcoin, Strive emphasized that it is also maintaining a conservative financial position.

The company revealed that it has increased its cash reserves to ensure it can support dividend payments for at least the next 18 months. The move suggests an effort to balance shareholder security with its ambitious Bitcoin accumulation strategy.

Long Term Bitcoin Ambitions

Strive has consistently expressed a strong belief in Bitcoin’s future. Last year, the company outlined plans to build a treasury of up to 75,000 BTC, with a significant portion potentially coming from the acquisition of claims related to the ongoing Mt. Gox creditor distribution process.

The latest purchase further demonstrates the firm’s commitment to that goal and stands in contrast to recent actions by Strategy, the world’s largest corporate Bitcoin holder, which recently reduced its position by selling a small amount of BTC.

As institutional interest in Bitcoin continues to evolve, Strive’s latest move highlights that some firms remain focused on expanding their exposure even during periods of market uncertainty.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin Falls Below $70K as Market Dominance Slides and Crypto Market Cap Drops Under $2.5 Trillion

Bitcoin’s recent decline deepened over the past 24 hours, with the leading cryptocurrency falling below the $70,000 mark for the first time in nearly two months. While the broader market remains under pressure, several major altcoins have held up better than Bitcoin, leading to a noticeable decline in BTC’s market dominance.

Bitcoin Loses Momentum and Market Share

Just weeks ago, Bitcoin was trading comfortably above $80,000 and briefly challenged the $82,000 to $83,000 range. However, bullish momentum faded after a strong rejection at those levels, triggering a sustained correction.

The cryptocurrency quickly lost support at $80,000 and dropped to around $75,000 on May 23 and 24. A subsequent recovery attempt stalled near $78,000 before sellers regained control, pushing prices below $74,000 toward the end of May.

Bitcoin then spent several days consolidating between $73,000 and $74,000, but that range eventually broke down as June began. After briefly finding support around $71,000, bearish pressure intensified, sending BTC below $70,000 for the first time since early April. The move coincided with renewed attention on recent Mt. Gox Bitcoin transfers, which added to market uncertainty.

As Bitcoin weakened, its share of the overall cryptocurrency market also declined. Bitcoin dominance has fallen to approximately 56.3%, down nearly two percentage points over the past week. Meanwhile, Bitcoin’s market capitalization is struggling to remain above $1.4 trillion.

Altcoins Show Greater Resilience

Although most alternative cryptocurrencies are also trading lower, many have posted smaller losses than Bitcoin.

Ethereum has managed to remain slightly positive on the day despite continuing to trade below the $2,000 level. Other major assets including XRP, TRX, ADA, and RAIN have recorded declines of less than 3%.

BNB, HYPE, and SOL have been relatively stable, each posting losses of roughly 1%.

Among the larger movers, XLM has experienced the sharpest decline, falling more than 9% after a strong recent rally. On the other hand, NEAR, ICP, and H have emerged as standout performers, registering impressive double digit gains despite the broader market downturn.

Total Crypto Market Value Shrinks

The overall cryptocurrency market has also taken a hit. Total market capitalization has slipped below $2.5 trillion, marking a significant decline from the more than $2.7 trillion valuation recorded just a few weeks ago.

With Bitcoin breaking key support levels and investor sentiment remaining cautious, traders are closely watching whether the market can stabilize or if further downside lies ahead.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

ZachXBT Criticizes EdgeX Following Sharp EDGE Token Crash

The EDGE token plunged to a record low on June 1, sparking allegations of insider manipulation and drawing criticism from prominent blockchain investigator ZachXBT.

The token fell to approximately $0.40, less than two weeks after reaching an all time high of $1.54. The dramatic decline erased more than half of its value in a single day and triggered over $6.2 million in liquidations across major cryptocurrency exchanges.

EdgeX Denies Hack Claims

As the selloff intensified, EdgeX, the decentralized perpetual futures platform behind the EDGE token, acknowledged the unusual price action in a post on X. The team said it was investigating the sudden market movement to determine its cause.

A few hours later, the company issued a stronger statement, insisting that its protocol had not been compromised.

According to EdgeX, there was no hack, exploit, or security breach. Instead, the team claimed that preliminary findings pointed to deliberate market manipulation by external actors. The platform said it was cooperating with exchanges and other partners to identify those responsible and promised to release a more detailed report once its investigation was complete.

ZachXBT Questions EdgeX’s Explanation

The explanation failed to convince everyone.

ZachXBT publicly challenged EdgeX’s account of events, arguing that the token’s supply appeared to be concentrated among a small group of holders while maintaining a relatively limited circulating supply. He also called on the project to disclose information about its counterparties and market making agreements if it genuinely wanted to promote transparency.

Mocking the company’s internal review, the investigator sarcastically summarized the situation as a case of a project investigating itself and finding no wrongdoing despite controlling most of the token supply.

His comments quickly gained attention within the crypto community, where concerns about token concentration and market manipulation remain recurring issues.

Millions Liquidated as Volatility Surges

The market impact was severe.

Data from CoinGecko showed that EDGE collapsed from around $1.26 to nearly $0.40 before recovering slightly to about $0.62.

Meanwhile, figures from CoinGlass revealed that the price crash triggered roughly $6.2 million in liquidations over a 24 hour period. Long traders suffered the majority of the losses, accounting for approximately $4.84 million.

Most of the forced liquidations occurred on major trading venues including Binance, Bybit, and OKX. Together, these platforms accounted for most of the liquidated positions, affecting at least 3,840 traders as daily volatility surged to nearly 75%.

Growing Security Concerns Across Crypto

The rapid collapse immediately led many market participants to suspect a security breach, which likely explains why EdgeX moved quickly to deny any hacking incident.

The reaction comes amid a difficult year for crypto security, with several high profile attacks shaking investor confidence.

Among the latest incidents was an exploit targeting DxSale, where attackers drained approximately $7.3 million from more than 1,400 liquidity pools connected to older contracts on BNB Chain. Elsewhere, hackers stole roughly $11 million from the Verus Bridge, while liquidity provider Trusted Volumes lost nearly $6 million in a separate incident.

Against this backdrop, any sudden token collapse is likely to raise immediate concerns about potential exploits, even when projects insist that no security breach has occurred.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Mt. Gox Moves $731 Million in Bitcoin to New Wallet: Should Investors Be Concerned?

A wallet linked to the defunct Mt. Gox exchange has transferred 10,306 BTC, valued at approximately $731 million, to a newly created address, prompting speculation within the crypto community about a possible large scale sale.

However, available blockchain data suggests there may be no immediate cause for alarm.

According to information from Arkham Intelligence, the receiving wallet is not connected to any known centralized or decentralized cryptocurrency exchange. This significantly reduces concerns that the transferred Bitcoin is being prepared for an imminent sale on the open market.

Instead, the movement may simply reflect internal wallet restructuring, asset management activities, or preparations for future creditor distributions.

Institutional Interest Adds Important Context

The situation becomes more complex when considering the growing interest from institutional investors in Mt. Gox related claims.

Recently, Strive Asset Management revealed plans to build a Bitcoin treasury of up to 75,000 BTC by acquiring approved but still undistributed Mt. Gox claims. The value of these claims is estimated at roughly $8 billion.

This development suggests that some creditors may choose to sell their claims before receiving their Bitcoin, while institutional buyers such as Strive could absorb a significant portion of the supply. As a result, large amounts of BTC could change hands without necessarily entering the spot market and creating immediate selling pressure.

Why Mt. Gox Still Matters

Mt. Gox was once the largest Bitcoin exchange in the world, processing nearly 70% of all Bitcoin transactions before its collapse in 2014. Because of its historical significance and the large amount of Bitcoin still tied to creditor repayments, any movement of Mt. Gox related funds tends to attract considerable market attention.

For now, the latest transfer is worth monitoring, but the absence of deposits to exchange wallets means there is no clear evidence that a major selloff is about to occur. At this stage, the transaction appears more consistent with operational fund management than with preparations for immediate market liquidation.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Trader Accuses Polymarket of Unfairly Resolving Market, Claims $500K Loss Over Strategy Bitcoin Sale Bet

A trader on prediction platform Polymarket has alleged that the company unfairly handled a market tied to Strategy’s first Bitcoin sale in years, resulting in losses of nearly $500,000.

The dispute revolves around a prediction market that asked whether Strategy, formerly known as MicroStrategy, would sell any Bitcoin before May 31. According to the trader, the platform changed the interpretation of the rules after the event had already occurred, leading to a controversial outcome.

Dispute Centers on Strategy’s Bitcoin Sale

The market’s original terms stated that it would resolve to “Yes” if Strategy sold any amount of Bitcoin by 11:59 p.m. ET on May 31. The listed sources for verification included blockchain data, corporate disclosures, and credible media reports.

On June 1, Strategy submitted an 8-K filing to the SEC confirming that it had sold 32 BTC worth roughly $2.5 million between May 26 and May 31. The sale clearly took place within the specified timeframe.

However, the filing that confirmed the transaction was released after the market deadline, creating confusion over how the event should be settled. The central question became whether the market should be based on the timing of the sale itself or the timing of its public confirmation.

Trader Alleges Rules Were Changed Retroactively

The trader explained that he began purchasing “Yes” shares after observing that Strategy had transferred approximately $30 million worth of Bitcoin to Coinbase Prime about a week earlier. Based on on chain analysis and previous wallet activity, he concluded that the company was preparing to sell Bitcoin before the deadline.

After the SEC filing confirmed the transaction on June 1, he increased his position, believing the market’s rules only required that the sale occur within the designated period. In his view, there was no requirement that confirmation also be released before the deadline.

The controversy escalated when the trader claimed that Polymarket later introduced a clarification stating that confirmations published after the deadline would not count toward market resolution.

According to him, this amounted to adding a new condition after the event had already taken place. He argued that if post deadline confirmations were never intended to qualify, the market should have been closed on May 31 rather than remaining active.

Despite the sale occurring within the specified timeframe, the market was ultimately resolved as “No.”

Concerns Over the Resolution Process

The case has sparked broader criticism of Polymarket’s dispute resolution system.

Other traders noted that anyone can challenge a market outcome by posting a bond, which triggers a formal dispute process. During this period, holders of UMA tokens vote on how the market should be resolved based on the stated rules.

Critics argue that this mechanism leaves room for large UMA token holders to influence outcomes during contested resolutions. Some community members claim that well funded participants can exert disproportionate influence over market decisions, while accusing Polymarket of failing to adequately address these concerns.

The incident has reignited debate over governance, transparency, and fairness in decentralized prediction markets, particularly when market rules leave room for differing interpretations.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin Slips to $70K After Losing Critical Support Level as Analysts Signal More Downside Risk

Bitcoin has come under renewed pressure after falling below a key cost basis level that analysts believe was crucial for maintaining bullish momentum. Market observers now warn that the leading cryptocurrency could face a deeper correction if it fails to reclaim this important zone.

According to on chain analytics platform Swissblock, Bitcoin is currently approaching a critical point that could determine its near term direction. The firm noted that BTC’s inability to hold the Cost Basis Zone has already triggered a significant decline.

While price action within this range initially suggested a healthy consolidation phase, Bitcoin failed to confirm strength and was unable to successfully reclaim the zone after losing it. As a result, analysts say the market outlook has shifted from consolidation to increased breakdown risk.

Why the Cost Basis Zone Matters

Swissblock identifies the Cost Basis Zone between approximately $72,000 and $79,000. This range reflects the average purchase price of recent Bitcoin buyers, particularly short term holders, making it a significant support and resistance area.

The firm emphasized that Bitcoin can only regain a bullish structure if it re enters this zone and demonstrates strong buying momentum.

On Chain Data Points to Growing Weakness

Blockchain analytics company Glassnode also highlighted increasing pressure on Bitcoin. The firm reported that sellers continue to dominate the spot market while ETF outflows have accelerated to roughly $1.3 billion. At the same time, fresh capital entering the market has slowed considerably.

According to Glassnode, market structure has weakened and short term momentum currently favors further downside movement.

Bitcoin Capital shared a similar assessment, noting that Bitcoin’s recent recovery attempt stalled precisely at the short term holder cost basis before reversing lower. Several important on chain indicators have also deteriorated, reinforcing concerns about a failed recovery and an ongoing corrective phase.

Market commentator Sykodelic described Bitcoin’s performance relative to other financial assets as historically weak. He argued that Bitcoin is now the only major macro asset that is not currently expanding, adding that it has become increasingly disconnected from broader market trends.

Bitcoin Drops to $70,000

Bitcoin fell to around $70,000 during early Asian trading hours on Tuesday, representing a daily decline of nearly 4%.

The cryptocurrency has now lost approximately 8% over the past week and risks slipping back into the $60,000 range, levels not seen since early April.

Although Bitcoin remains within the broader trading range it has maintained since February, analysts warn that the next major support area could be near $65,000, which marks the lower boundary of that range.

Strategy Sale Adds to Negative Sentiment

Adding to the cautious mood, a recent filing with the SEC revealed that Michael Saylor’s company, Strategy, sold 32 BTC in late May for approximately $2.5 million.

While the transaction was relatively small compared with the firm’s overall Bitcoin holdings, the disclosure has further contributed to the bearish sentiment currently weighing on the market.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin Could Reach New Summer Highs Within Weeks if $73K Support Remains Intact, Analyst Says

Bitcoin (BTC) continues to trade above a key support level that could determine its next major move. One analyst believes the cryptocurrency could either climb to fresh summer highs or decline toward $61,000, depending on whether buyers can maintain control of the current support zone.

Why the $73,000 Level Matters

On June 1, crypto analyst Michaël van de Poppe outlined a scenario in which Bitcoin could experience a strong upward move if the $73,000 support level holds. He noted that if historical market behavior repeats, BTC could enjoy two weeks of sustained momentum, potentially driving prices to new highs during the summer months.

Van de Poppe also suggested that a Bitcoin rally could trigger broader gains across the altcoin market.

According to the analyst, the $73,000 area is a critical support zone. If it remains intact, Bitcoin could avoid a decline toward $61,000 and instead continue its path toward higher prices. In that scenario, altcoins could also benefit from increased market strength.

At the time of writing, Bitcoin was trading slightly above $73,000. The asset has fallen approximately 6.5% over the past month and remains around 30% below its level from a year ago.

Market Stuck in a Tight Range

Bitcoin has spent much of the past week moving within a narrow trading range. Market analyst Daan Crypto Trades identified resistance near $74,200 and support around $72,700, highlighting these levels as key short term indicators.

The broader market environment has also presented challenges. Spot Bitcoin ETFs have experienced continuous outflows since mid May, with more than $2.4 billion leaving the funds during the month. On May 27 alone, net outflows reached $733 million.

Researchers at XWIN Japan argue that this trend is particularly significant because Bitcoin lacks earnings or cash flows that can help justify its valuation. As a result, BTC may be more vulnerable when investors shift capital to other asset classes.

Weak Buying Activity Raises Concerns

Data shared by analyst AbramChart revealed that May closed with a net buying delta of only 0.08%, while large investors holding positions valued between $1 million and $5 million were active sellers.

Although buyers exceeded sellers by roughly $544 million during May, that figure was significantly lower than the $11 billion in net buying recorded in April and the $4 billion seen in March.

AbramChart believes the weaker demand could eventually lead Bitcoin to retest March’s point of control around $70,600.

Longest Correction of the Current Cycle

Analyst Darkfost observed that Bitcoin is now entering the longest correction phase of the current market cycle. The cryptocurrency is on track to exceed the 237 day correction recorded in 2024.

While the current pullback is less severe than previous bear market corrections, the comparison remains noteworthy. Earlier cycles required 849 days and 1,180 days respectively before Bitcoin returned to new all time highs.

Seasonal Trends Offer Mixed Signals

Seasonality may also play a role in Bitcoin’s performance. Market observer Markus Thielen noted that June has historically been one of Bitcoin’s weakest months, delivering average returns of just 0.7% over the last decade.

With Bitcoin already down 16% since the start of the year, these historical trends may concern bullish investors.

However, Thielen pointed out that seasonal patterns do not always repeat perfectly. May is typically considered a strong month for Bitcoin, yet the cryptocurrency declined 3.4% this year according to CoinGlass data. He believes this deviation from historical norms may indicate that some of the expected weakness has already been priced into the market, potentially reducing downside pressure in the months ahead.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Banks See Stablecoins as a Growing Threat to Their Deposit Business, Analyst Claims

Crypto market analyst EGRAG CRYPTO believes the banking industry’s opposition to stablecoins is driven less by concerns about risk and more by fears that these digital assets could disrupt one of banks’ most profitable business models.

His comments come as lawmakers in the United States continue debating cryptocurrency regulations and stablecoin legislation, while banks and digital asset advocates remain divided over whether yield generating stablecoins could draw significant funds away from traditional bank deposits.

Why Stablecoins Challenge the Banking Model

In a recent analysis, EGRAG argued that the real issue is not regulation but the potential impact stablecoins could have on how banks generate revenue.

He explained that when customers place money in a bank account, they are effectively providing the bank with an unsecured loan. Banks then use those deposits to issue loans and other forms of credit at much higher interest rates while paying depositors only a small fraction in return.

According to the analyst, this difference between what banks earn on loans and what they pay depositors forms the foundation of their business model.

Stablecoins, however, are beginning to challenge that system by separating functions that banks have traditionally combined. These include the safekeeping of funds, payment settlement, and the ability to earn returns on capital.

A stablecoin backed by US Treasury securities can allow users to hold dollar denominated assets, transfer value quickly, and potentially earn yields linked to government debt, all without relying on a traditional bank account.

EGRAG argues that if consumers can earn returns of 4% to 6% while maintaining direct control of their funds, many may see less value in keeping money in low yielding bank deposits. Such a shift could weaken banks’ funding sources and reduce their influence within the financial system.

Concerns Supported by Industry Estimates

While EGRAG’s comments are strongly worded, similar concerns have been raised by financial institutions and analysts.

Earlier this year, analysts at Standard Chartered estimated that US banks could lose approximately $500 billion in deposits to stablecoins by the end of 2028, with regional banks considered particularly vulnerable.

According to Geoff Kendrick, major stablecoin issuers such as Tether and Circle primarily hold reserves in US Treasury securities rather than traditional bank deposits. As a result, much of the capital supporting stablecoins does not flow back into the banking system.

Legislative Battle Intensifies

The debate became more visible during discussions surrounding the CLARITY Act in the US Senate.

Members of the American Bankers Association reportedly sent thousands of letters to Senate offices in a short period, focusing heavily on proposed rules involving stablecoin yields.

During those discussions, Bernie Moreno accused banks of attempting to block stablecoin innovations that could allow consumers to earn higher returns on their own money. He argued that traditional financial institutions were primarily seeking to protect low interest deposit models.

EGRAG interpreted the banking sector’s lobbying efforts as evidence that stablecoins represent a meaningful competitive challenge. In his view, if stablecoins posed little threat, there would be far less resistance from banks and policymakers.

Institutional Adoption Continues to Grow

Interest in stablecoins is not limited to retail users. A survey released by Ripple found that 74% of finance executives view stablecoins as valuable tools for improving treasury management and unlocking working capital efficiencies.

Meanwhile, the stablecoin market continues to expand rapidly. Recent industry data places the sector’s total market value at roughly $320 billion. USDT remains the dominant stablecoin with a market capitalization of around $188 billion, while USDC follows with approximately $76 billion.

As regulatory discussions continue, the debate over stablecoins is increasingly becoming a broader conversation about the future of payments, banking, and who ultimately controls access to financial services.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin Funds Record Largest Weekly Outflows of 2026 as Investors Pull Back

Bitcoin investment products experienced their biggest weekly withdrawal of the year, with investors pulling out $1.44 billion, according to the latest data from CoinShares.

The outflow surpassed the previous week’s record and marked the largest single week of Bitcoin fund redemptions in 2026. As a result, Bitcoin’s year to date inflows dropped sharply to $1.2 billion, down from $2.6 billion the week before and $3.9 billion just two weeks earlier.

Crypto Funds Extend Losing Streak

The broader digital asset investment market also remained under pressure. Total outflows across crypto investment products reached $1.67 billion last week, extending the current withdrawal trend to three consecutive weeks.

Over that period, investors have removed a combined $4.21 billion from crypto related funds.

In its latest Digital Asset Fund Flows Weekly Report, CoinShares noted that investor caution linked to geopolitical developments involving Iran appeared to outweigh any positive sentiment generated by progress surrounding the CLARITY Act.

The continued withdrawals also weighed on total assets under management, which fell to $141 billion from $148 billion the previous week. This represents the lowest level since early April and mirrors the prolonged outflow period seen between January and February.

XRP, Hyperliquid, and Near Defy Market Trend

Despite the broader market weakness, a handful of digital assets continued to attract investor interest.

XRP led all altcoin inflows with $20.3 million in fresh capital, followed by Hyperliquid, which attracted $10.8 million. Near Protocol also recorded solid demand, bringing in $7.6 million.

Meanwhile, Ethereum investment products saw $257 million leave the market. Investor participation across the altcoin sector also declined, with fewer assets attracting meaningful inflows compared to the previous week.

Multi asset crypto funds experienced withdrawals totaling $2.3 million, while Sui and Solana posted net outflows of $1.4 million and $0.8 million respectively.

United States Leads Global Withdrawals

The vast majority of last week’s outflows came from the United States, where investors withdrew approximately $1.63 billion from digital asset investment products.

Germany recorded $25.7 million in outflows, while Sweden and Hong Kong saw investor withdrawals totaling $6.6 million and $4.5 million respectively.

A few regions managed to buck the trend. The Netherlands attracted $1.3 million in inflows, while Switzerland and Canada recorded smaller gains of $0.5 million and $0.4 million.

Analysts Point to Broader Economic Pressures

The latest wave of withdrawals comes as Bitcoin continues to face downward pressure amid an uncertain macroeconomic environment.

Analysts at Bitunix argue that Bitcoin’s challenges now extend beyond simple shifts in investor risk appetite. They believe the market is increasingly being affected by rising global borrowing costs and tighter liquidity conditions.

According to their assessment, stronger than expected US employment data combined with Treasury yields approaching 5% could force investors to reassess valuations across risk assets, including cryptocurrencies. On the other hand, weaker labor market figures may help ease concerns about further financial tightening.

The analysts added that market sentiment is no longer primarily focused on whether the Federal Reserve will raise interest rates again. Instead, investors are increasingly questioning whether the bond market has already imposed the economic impact of another rate hike before policymakers take any additional action.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin Slides Toward $71,000 as Crypto Liquidations Top $500 Million

Bitcoin suffered another sharp decline in recent trading, falling toward the $71,000 level after failing to sustain the recovery momentum that briefly pushed it close to $74,000 over the weekend.

The leading cryptocurrency dropped around 3% on the day, reaching an intraday low of approximately $71,300 as selling pressure intensified across the market.

Massive Liquidations Shake the Market

The sudden downturn triggered a significant wave of liquidations in the cryptocurrency derivatives market. According to market data, total liquidations exceeded $500 million over the past 24 hours, with more than $135 million wiped out within a single hour.

Most of the losses came from long positions, indicating that many traders were positioned for further upside after Bitcoin’s earlier attempt to stabilize around the $74,000 mark. Instead, the market moved sharply lower, catching bullish traders off guard.

Bitcoin and Ethereum accounted for a large share of the liquidated positions, a common occurrence during broad market selloffs when the two largest cryptocurrencies experience heightened volatility.

Bears Regain Control

The latest decline follows several days of weak price action, during which Bitcoin repeatedly failed to break through key resistance levels and establish a stronger recovery trend.

With BTC now trading near $71,000, market sentiment appears to be turning increasingly defensive. Analysts are watching this zone closely, as a decisive move below it could open the door to additional downside pressure and spark another round of heightened volatility across the crypto market.

For now, the inability to reclaim higher price levels continues to favor sellers, leaving investors cautious about Bitcoin’s short term outlook.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic