Crypto markets saw a wave of forced deleveraging over the past 24 hours, with roughly $4.73 billion in leveraged positions liquidated as a short-term rebound punished both sides of the trade—slightly more so for those positioned for downside. The scale of liquidations underscores how quickly 'leverage' has rebuilt across majors and high-beta altcoins, leaving traders vulnerable to sharp intraday swings.
Strategy (NASDAQ: MSTR) executive chairman Michael Saylor has signaled that the company may be preparing to increase its Bitcoin (BTC) holdings despite carrying approximately $11 billion in unrealized losses on its cryptocurrency portfolio.
Strategy's BTC holdings top 843K as Saylor signals potential fresh accumulation move ahead
Binance volume falls sharply as total CEX spot trading activity reaches its weakest level in years
While bitcoin trades more than 50% beneath its all-time peak above $126,000 recorded last October, gold proponent Peter Schiff remains convinced the asset has considerably further to fall.
Bitcoin's B-Wave rally may be over as analysts warn of a C-Wave decline and $60K becomes critical support.
Bitcoin's waning appeal among momentum traders highlights shifting investment trends, potentially altering its role in diversified portfolios. Bitcoin struggles as momentum traders shift focus to chip stocks.
Bitcoin's return to $60,000 is drawing heavy ETF outflows, marking a sharp reversal from February when institutional selling eased into the dip.
Not one, but several overlapping headwinds are hitting the crypto market at once, weighing on bitcoin's price, the firm's head of research Greg Cipolaro said.
Michael Saylor renewed attention on Strategy's bitcoin plans after the company's rare 32 BTC sale sparked debate among investors. His latest post shifted focus back to Strategy's 843,706 BTC reserve and the possibility of future acquisitions.
The post lands a week after Strategy revealed its first bitcoin sale since 2022 and one day before voting closes on a STRC dividend amendment.
Bitcoin climbed back above $62,000 on June 7 after a volatile week that pushed the cryptocurrency briefly below $60,000, with derivatives data suggesting bearish traders absorbed the majority of liquidations during the latest recovery attempt.