Bitcoin
Why Bitcoin is down 1.2% in the last hour
Analysis
Bitcoin fell about 1.2% over the past hour as a sharp drop below the $88K level triggered a wave of forced selling, with hourly liquidations spiking and amplifying downside momentum. CryptoPotato reported the sudden plunge and liquidation surge, and its weekend market watch also noted broader risk-off pressure with altcoins retreating alongside BTC as price dipped toward $88K.
Contributing Factors (3)
Bitcoin Price Suddenly Plunges Below $88K as Hourly Liquidations Explode
Over $130M worth of leveraged positions were wiped out in the past 60 minutes alone.
How the ultra-wealthy are using bitcoin to fund their yacht upgrades and Cannes trips
Cometh founder Jerome de Tychey is applying DeFi lending and borrowing on platforms like Aave, Morpho, and Uniswap to structures that help the ultra-wealthy secure loans against their massive crypto f...
Altcoins in Retreat Again as Bitcoin (BTC) Price Dipped to $88K: Weekend Watch
HASH has dumped the most over the past day, while RIVER is on the run again.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.