Market: BTC rebounds in a V-shape from $75,600, back above $80,000
Overnight, BTC briefly dipped to around $75,618, then recovered to the $80,000–$81,200 range, up about 3%–5% over 24 hours;
ETH climbed above $2,400, up 5%–7%
Broad gains across sectors: DePIN +5.79%, RWA +5.47%, Layer 2 +5.28%; individual tokens STX +11.31%, INJ +12.41%, RAY +17.73%
But the real story is in derivatives: $936.1 million in liquidations across the market over 24 hours, including $533.28 million in short liquidations; BTC alone saw about $370 million in short liquidations, with $215 million in shorts wiped out within an hour at one point.
Meanwhile, open interest fell 4.36% to $347.73 billion—a surge in volume alongside shrinking positions is typical of short covering, not fresh buying.
Sentiment hasn't genuinely turned bullish: demand for put options is more than twice that for calls; BTC spot ETFs recorded cumulative net outflows of $1.157 billion over the last three confirmed trading days, and according to Sina, over 130,000 traders across the market were liquidated$BTC $ETH $RWA #BTC #ETH
Overnight, BTC briefly dipped to around $75,618, then recovered to the $80,000–$81,200 range, up about 3%–5% over 24 hours;
ETH climbed above $2,400, up 5%–7%
Broad gains across sectors: DePIN +5.79%, RWA +5.47%, Layer 2 +5.28%; individual tokens STX +11.31%, INJ +12.41%, RAY +17.73%
But the real story is in derivatives: $936.1 million in liquidations across the market over 24 hours, including $533.28 million in short liquidations; BTC alone saw about $370 million in short liquidations, with $215 million in shorts wiped out within an hour at one point.
Meanwhile, open interest fell 4.36% to $347.73 billion—a surge in volume alongside shrinking positions is typical of short covering, not fresh buying.
Sentiment hasn't genuinely turned bullish: demand for put options is more than twice that for calls; BTC spot ETFs recorded cumulative net outflows of $1.157 billion over the last three confirmed trading days, and according to Sina, over 130,000 traders across the market were liquidated$BTC $ETH $RWA #BTC #ETH
