Bitcoin
Why Bitcoin is down 3.0% today
Analysis
Bitcoin fell about 3% over the past 24 hours as risk sentiment weakened amid renewed liquidation-focused headlines, including CoinDesk’s report highlighting Michael Burry’s “death spiral” warning tied to heavy liquidations. BTC also remained under pressure in a broader market downdraft noted by CryptoPotato, even as it attempted to recover from a recent 15‑month low.
Contributing Factors (3)
'Big Short' Michael Burry flags “death spiral” after silver liquidations beat bitcoin
Tokenized silver futures logged one of the largest wipeouts across crypto markets, overtaking the usual leaders bitcoin and ether.
Solana (SOL) Plunges Below $100, Bitcoin (BTC) Recovers From 15-Month Low: Market Watch
Meanwhile, HASH and HYPE have declined the most over the past 24 hours after charting impressive gains lately.
Russia's biggest bitcoin mining firm's founder arrested for tax evasion while his company faces bankruptcy
An En+ subsidiary has filed an insolvency claim against the crypto mining firm, adding to pressure from energy debts, regulatory curbs and internal turmoil.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.