🚨 Crypto Crashes on Failed Rally: $800M Liquidated as Bitcoin Slips Below $85K
The crypto market tumbled today after a brief Bitcoin spike to $87,200 fizzled out, triggering a massive leverage flush. Key points: $GLMR $ONE
· Total liquidations: Up to $806M, with long positions taking ~57% of the hit
· Bitcoin: ~$205M–$282M liquidated; failed to hold $87K, retreating toward $84K
· Ethereum: ~$128M–$178M liquidated
· Trigger: Weak U.S. jobs data initially sparked rate-cut hopes, but rising Treasury yields reversed the rally
· Sentiment: Fear & Greed Index cooled from 72 to 67
Bottom line: A technical reset of overleveraged positions — not a fundamental breakdown.
The crypto market tumbled today after a brief Bitcoin spike to $87,200 fizzled out, triggering a massive leverage flush. Key points: $GLMR $ONE
· Total liquidations: Up to $806M, with long positions taking ~57% of the hit
· Bitcoin: ~$205M–$282M liquidated; failed to hold $87K, retreating toward $84K
· Ethereum: ~$128M–$178M liquidated
· Trigger: Weak U.S. jobs data initially sparked rate-cut hopes, but rising Treasury yields reversed the rally
· Sentiment: Fear & Greed Index cooled from 72 to 67
Bottom line: A technical reset of overleveraged positions — not a fundamental breakdown.
