Bitcoin
Why Bitcoin is down 6.3% today
Analysis
Bitcoin fell 6.3% over the past 24 hours as a broader crypto market sell-off intensified alongside pressure tied to ETF flow dynamics, pushing BTC into the $75,000 range, per Bitcoin Magazine. CoinDesk also reported that the decline was exacerbated by an accelerating leverage unwind and liquidations, which likely amplified downside volatility.
Contributing Factors (3)
Bitcoin Price Crashes to $75,000 Range As Broader Crypto Market Sells-Off
Bitcoin Magazine Bitcoin Price Crashes to $75,000 Range As Broader Crypto Market Sells-Off The bitcoin price crashed into the $75,000 range, breaking below key technical support levels as heavy sellin...
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.
Retail traders are running for the exit amid bitcoin's selloff, while 'mega-whales' are quietly buying the dip
Glassnode data shows large bitcoin holders accumulating, while retail remains in distribution.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.