🚨 $BTC JUST CRASHED TO 62,000 USD — THEN BOUNCED 4.6% IN HOURS. WHAT STOPPED THE FALL? 👀
Bitcoin fell to 62,612 USD overnight — its lowest since early July and now about 48% below its 126,080 USD record high.
Then buyers stepped in. $BTC reclaimed 65,507 USD within hours, and $ETH and $SOL bounced even harder off their lows.
Here's what the data shows:
📉 2.02B USD liquidated in 24 hours — over 318,000 traders wiped out, 86.7% of them longs.
📊 Fear & Greed is at 10 — Extreme Fear, the lowest reading of the week.
💧 $ETH bounced 5.8% off its 1,729 USD low and $SOL 6.2% off 67.86 USD — the coins that fell hardest bounced hardest.
A liquidation cascade feeds on itself: forced selling pushes prices down, which triggers more liquidations — until the forced sellers are gone and even small buying lifts prices fast.
Volatility usually stays elevated after a flush like this, and Tuesday brings retail sales plus Nvidia earnings — the next big tests for the market.
Did the 62,000 USD level just become the line everyone watches? 👇
Not financial advice — educational purposes only.
#CryptoSelloffTriggersMultipleWhaleLiquidations #Bitcoin #crypto #Ethereum
Bitcoin fell to 62,612 USD overnight — its lowest since early July and now about 48% below its 126,080 USD record high.
Then buyers stepped in. $BTC reclaimed 65,507 USD within hours, and $ETH and $SOL bounced even harder off their lows.
Here's what the data shows:
📉 2.02B USD liquidated in 24 hours — over 318,000 traders wiped out, 86.7% of them longs.
📊 Fear & Greed is at 10 — Extreme Fear, the lowest reading of the week.
💧 $ETH bounced 5.8% off its 1,729 USD low and $SOL 6.2% off 67.86 USD — the coins that fell hardest bounced hardest.
A liquidation cascade feeds on itself: forced selling pushes prices down, which triggers more liquidations — until the forced sellers are gone and even small buying lifts prices fast.
Volatility usually stays elevated after a flush like this, and Tuesday brings retail sales plus Nvidia earnings — the next big tests for the market.
Did the 62,000 USD level just become the line everyone watches? 👇
Not financial advice — educational purposes only.
#CryptoSelloffTriggersMultipleWhaleLiquidations #Bitcoin #crypto #Ethereum
