Bitcoin
Why Bitcoin is down 1.4% in the last hour
Analysis
Bitcoin fell 1.4% over the past hour as market stress intensified, with CoinDesk reporting BTC’s “volatility fear gauge” spiking to its highest level since the FTX collapse—signaling heightened downside hedging and risk-off positioning. Cointelegraph also noted large Bitcoin holders’ share of supply hit a 9‑month low amid the drop, pointing to reduced whale support during the selloff.
Contributing Factors (3)
Bitcoin Miners IREN and CleanSpark Slide After Earnings Misses Deepen Sector Pressure
Shares fell after both companies reported quarterly revenue below Wall Street expectations as Bitcoin dropped sharply.
Large Bitcoin holders’ share of supply hits 9-month low amid price drop
Santiment says the pattern of large holders selling while retail scoops up Bitcoin is “what historically creates bear cycles.”
Bitcoin 'volatility fear gauge' hits FTX-blowup peak as prices crater to nearly $60,000
Bitcoin's volatility gauge, the BVIV, spiked to nearly 100%, its highest level since the 2022 FTX collapse.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.