🔥 Breaking News: Wall Street Stocks Plunge, BTC Falls Below $76K, Wiping Out $1 Billion in Leveraged Positions
A sharp reversal in Wall Street AI stocks triggered a sell-off across U.S. equities. On-chain liquidations wiped out more than $1 billion in leveraged positions in a single day, with one trader losing $15 million in just minutes. The bloodbath erased all post-election gains and drove $BTC back toward the $76,000 mark.
The sell-off in U.S. tech stocks is rapidly spreading to the crypto market, where leveraged longs are being liquidated. BTC is currently at $75,567, and the Fear Index is at 28. The whale long-to-short ratio has surged to 3.61, signaling extremely heavy turnover in futures. With Nasdaq volatility still unsettled, spot support levels remain under pressure.
“Wall Street’s bubble is deflating, and the crypto market is paying the price first.”
(The above is solely my personal observation and is not investment advice.)
Where do you think BTC’s true bottom lies amid this pullback in U.S. tech stocks?
The Cheese King updates daily to help you track what the big players are doing 🧀
#markets #bitcoin #cryptonews #trading
A sharp reversal in Wall Street AI stocks triggered a sell-off across U.S. equities. On-chain liquidations wiped out more than $1 billion in leveraged positions in a single day, with one trader losing $15 million in just minutes. The bloodbath erased all post-election gains and drove $BTC back toward the $76,000 mark.
The sell-off in U.S. tech stocks is rapidly spreading to the crypto market, where leveraged longs are being liquidated. BTC is currently at $75,567, and the Fear Index is at 28. The whale long-to-short ratio has surged to 3.61, signaling extremely heavy turnover in futures. With Nasdaq volatility still unsettled, spot support levels remain under pressure.
“Wall Street’s bubble is deflating, and the crypto market is paying the price first.”
(The above is solely my personal observation and is not investment advice.)
Where do you think BTC’s true bottom lies amid this pullback in U.S. tech stocks?
The Cheese King updates daily to help you track what the big players are doing 🧀
#markets #bitcoin #cryptonews #trading