Bitcoin
Why Bitcoin is down 4.7% today
Analysis
Bitcoin fell 4.7% over the past 24 hours as a broader crypto selloff intensified, with traders highlighting liquidation-driven pressure and shifting sentiment. Decrypt reported that sentiment around Strategy’s Bitcoin buying and ETF-related positioning weakened as the market downturn deepened, adding to risk-off flows.
Contributing Factors (3)
'Code Red': Cramer Reacts to Latest Bitcoin (BTC) Price Crash
The Bitcoin plunge has triggered nearly $680 million in long-position liquidations in just 24 hours.
'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.
Sentiment Shifts on Strategy's Bitcoin Bid as Crypto Market Selloff Deepens
Prediction market users increasingly think that Strategy will sell some BTC—but analysts don't think Bitcoin's price crash "changes anything."
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.