Bitcoin
Why Bitcoin is down 1.5% in the last hour
Analysis
Bitcoin fell about 1.5% over the past hour as risk sentiment worsened alongside continued ETF-flow weakness, which has been cited as deepening “crypto fear” and extending the broader pullback. At the same time, a leverage unwind appears to have accelerated, with liquidations pressuring BTC further as traders de-risked, according to CoinDesk’s market wrap.
Contributing Factors (3)
Crypto fear deepens as Bitcoin and Ethereum extend pullback
Bitcoin and Ethereum continued their decline as crypto market sentiment slipped further into fear, with traders turning cautious amid fading momentum.
Bitcoin, ether extend declines as leverage unwind accelerates: Crypto Markets Today
Crypto markets fell further overnight as bitcoin and ether extended losses, metals tumbled and liquidation pressure hit leveraged traders across derivatives markets.
Bitcoin Traders See Nearly Even Odds for $69K Drop or $100K Recovery
Bitcoin sentiment on Myriad flipped bearish for first time in two months as traders bet on further downside amid shutdown fears and extreme market volatility.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.