Market Movements & Sentiment

Bitcoin briefly rebounded along with Ethereum, surpassing some key levels before the crypto market resumed its downward trajectory; total market cap slid about 1.7% to near $4 trillion.

Crypto futures endured significant liquidations, with approximately $249 million wiped out in the past 24 hours—predominantly long positions in BTC, ETH, and SOL.

Another report highlights even more dramatic losses: over $500 million in long positions were liquidated as traders cashed out ahead of Federal Reserve Chair Powell’s speech at Jackson Hole. Bitcoin dipped ~2% to test $115k support, while ETH fell ~3.5%, and XRP dropped below $3.

#BTC #MarketPullback #StrategyBTCPurchase #CryptoIntegration #BinanceAlphaAlert