Bitcoin
Why Bitcoin is down 1.2% in the last hour
Analysis
Bitcoin slipped 1.2% over the past hour as traders reacted to renewed concerns about ETF-driven selling pressure, with reports highlighting a correction that could be accelerating toward a “capitulation zone.” While Bernstein characterized the broader sell-off as a relatively weak bear case, the near-term tone still reflected risk-off positioning tied to ETF flow dynamics. Separately, attention on the Bithumb investigation and its compensation plan for a major Bitcoin error may have added to market caution.
Contributing Factors (3)
Bitcoin Correction Accelerates Toward Historic Capitulation Zone – Details
Bitcoin is struggling to hold the $70,000 level as the market shows clear signs of weakening demand following weeks of sustained selling pressure. After several failed recovery attempts, price action...
Bernstein calls Bitcoin sell-off 'weakest bear case' on record, keeps $150K 2026 target
The research analysts pointed to tight liquidity and macro pressure as drivers of the decline, while noting that spot Bitcoin ETFs have seen relatively modest outflows.
Investigators Circle as Bithumb Reveals Compensation Plan for $43 Billion Bitcoin Error
South Korean regulators are investigating Bithumb after its accidental $43 billion Bitcoin handout to customers last week.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.