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Bitcoin’s whipsaw to 101k wipes out $7B in leveraged positions
Massive sell-off causes over $7 billion in liquidations, exposing crypto's structural weaknesses during volatile trading.
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Happy Saturday!
Bitcoin’s sharp move to $101,000 triggered over $7 billion in liquidations, exposing cracks in the crypto market amid heightened volatility. At the same time, a tariff threat from President Trump against China caused Bitcoin to tumble 7%, wiping out $9 billion in liquidations and fueling uncertainty. Despite the turbulence, strong ETF inflows and shrinking exchange supply raise the possibility of Bitcoin reaching $150,000, challenging the narrative of a purely speculative rally.
The global crypto market cap is $3.75 trillion, with a 24-hour volume of $524.6 billion. The price of Bitcoin is $112,450.83, and BTC market dominance is 59.7%. The price of Ethereum is $3,837.38, and ETH market dominance is 12.3%. The best-performing sector is Business Service, which gained 241%. The Crypto Fear & Greed Index is currently Extreme Fear (27).
📰 Top News
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Bitcoin’s whipsaw to 101k wipes out $7B in leveraged positions
Massive sell-off causes over $7 billion in liquidations, exposing crypto’s structural weaknesses during volatile trading.
Trump tariff threat against China causes Bitcoin to crash 7%, $9B in liquidations
Trump accused China of attempting to monopolize rare-earth elements and announced plans for a massive increase of tariffs on Chinese products.
Can Bitcoin really reach $150K, what would it take?
Staggering ETF inflows and exchange supply reduction hint at Bitcoin’s march toward $150,000 without speculative mania.
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