Macro pressure has been building as DXY strength tests gold and Bitcoin flows.
Crypto derivatives markets saw a sharp wave of forced unwinds over the past day, with liquidations heavily skewed toward bullish bets—an imbalance that typically signals an abrupt downside move or a volatility spike that caught leverage offside. According to CoinAnk data cited by PANews, total liquidations across cryptocurrency futures reached about $368 million over the past 24 hours.
Following Bitcoin's (BTC) price bounce above $82,000 and a subsequent rejection, the cryptocurrency has been in a major decline, with a market analyst now calling for a fresh bottom. He described the latest rebound as another bull trap in BTC's broader bearish structure.
Bitcoin continues to face strong resistance as bulls struggle to reclaim higher price levels and restore upward momentum. With the market failing to break key resistance zones, attention is now shifting toward major Fibonacci support areas, where buyers could attempt to stabilize the current decline and prevent a deeper correction.
Bitcoin long-term holders hit a 14-month unrealized profit high as perpetual traders rack up $185 million in long liquidations.
Crypto markets tumbled together after Bitcoin slipped below $80,000.
Bitcoin mining stocks got hit hard on Friday. Every major publicly-listed miner fell in a single session, with losses ranging from 2.52% all the way to 9.59% — a wide spread that pretty much tells you the selling wasn't random or surgical.
The Bitcoin price has surged towards the $80,000 mark over the past few weeks, signaling an ongoing resurgence from the bear-market lows observed in the first quarter of 2026. However, the premier cryptocurrency appears to have run out of the bullish impetus to sustain its current recovery, as it hovers around a psychological price level.
Bitcoin traders reduced short-term volatility expectations as network participation slowly recovered from earlier.
While reports tied to onchain-tracked wallets have widely circulated claims that Bhutan has been reducing its bitcoin holdings over the past year, Druk Holding and Investments (DHI) told the media the firm does not “recall” the last time the entity sold BTC.
Crypto analyst Gargoyle has advised market participants not to buy Bitcoin until it sees high volume, which could mark the bottom. This comes amid BTC's recent drop below the psychological $80,000 level, with the leading crypto at risk of another decline.
On-chain metrics reveal a healthy mid-cycle reset, not a structural breakdown in Bitcoin's bull trend.