For most of the month, traders had a pretty good explanation for Bitcoin's refusal to budge. A dense cluster of options contracts, they argued, was holding the price in a cage between $60,000 and $65,000, with dealers buying dips and selling rallies to stay hedged. Friday's expiry cleared roughly $1.2 billion of that exposure, and […]
The post The $1.2 billion options wall came down, and this time Bitcoin actually moved appeared first on CryptoSlate.
The washout reduced forced-selling risk, but spot volume and ETF creations still need to carry the next move.
The post XRP cleaned out leverage, now ETF demand has to prove itself appeared first on CryptoSlate.
Mike Novogratz Points to Leverage as Driver of June Crypto Market Correction: key Novogratz leverage crypto context, verified claims, market impact, and ri
Bitcoin’s funding rate and orderbook setup signal investor optimism, but ETF outflows and macro red flags could limit BTC’s short-term upside.
Bitcoin’s slump accelerated as capital rotated further into the AI sector, raising the odds of a BTC price drop below $60,000.
Bitcoin’s price action in June has been marked by heavy selling pressure, with the leading cryptocurrency suffering one of its sharpest declines of the year. In the first five days of the month, Bitcoin has triggered more than $1.28 billion in long liquidations as prices plunged toward the critical $60,000 region. According to the renowned analyst, Bitcoin’s struggles are part of a broader market-wide risk-off move in the US financial markets. In an X post on June 6, Adler Jr. explained that the Bitcoin market turmoil began following the release of stronger-than-expected US labor market data. The US economy reportedly added 172,000 jobs in May, significantly above forecasts of 88,000. Generally, rising employment is viewed as a positive economic signal. However, with inflationary pressures remaining elevated and energy prices still relatively high, investors interpreted the report differently. According to Adler Jr., the stronger labor market reinforced expectations that the US Federal Reserve is likely to adopt a restrictive monetary policy. Therefore, expectations for future rate hikes rose from 40% to 57%. The impact was felt across multiple asset classes. In the trading session on June 5, approximately $2.5 trillion was reportedly erased from major financial markets, including the S&P 500 ($1.14 trillion), Nasdaq ($1.11 trillion), gold ($1 trillion), silver ($280 billion), and Bitcoin ($80 billion). Related Reading: Bitcoin Testing A Critical Support After Sharp Market-Wide Selloff Bitcoin Remains In Danger Of Excessive Leverage Despite Decline Beyond macroeconomic factors, Adler Jr. also highlighted the excessive leverage in the Bitcoin market. Notably, funding rates have remained positive throughout the decline, indicating that traders continued paying premiums to maintain long positions even as prices moved lower. Such conditions often signal excessive bullish positioning but pose a serious risk of forced liquidations if the decline persists. At the same time, Bitcoin open interest remained elevated, as the 30-day open interest change peaked at 14.1% on June 3, then eased slightly to 8.4% by June 6. The market expert explains that such movement indicates that leverage had accumulated rapidly during the decline before being forced out. In other layers of the market, US Bitcoin spot ETFs recorded approximately $1.40 billion in weekly net outflows, removing an important source of demand to become part of the selling pressure. Meanwhile, Adler Jr. highlights an increase in exchange inflows as Bitcoin’s seven-day exchange netflow average climbed to 10,200 BTC on June 2, then retraced to around 6,200 BTC. Historically, rising exchange balances are often associated with increased sell-side activity. Related Reading: Ethereum Breakdown Warning: This Key Level Could Trigger More Downtrend Bitcoin Outlook Hinges On Vital $60,000 Support At press time, Bitcoin trades at $61,593, reflecting a 1.95% gain in the past day. According to Adler Jr., the key market level is $60,000, representing the current cycle low. The market analyst states it’s important that several market segments, i.e., ETF outflows, exchange inflows, and the futures market cool down before a price break occurs below $60,000, to avoid another cascading effect. Featured image from Shutterstock, chart from Tradingview
Bitcoin entered the weekend hovering near $71,000, well off the previous week's spike above $74,000, but far below the highs it touched at the beginning of the year. On price alone, the market looks pretty composed. However, underneath, its structure looks much less comfortable. Data shows spot activity fading while derivatives keep doing more of […]
The post Bitcoin’s $71k rally has a problem most traders aren’t watching appeared first on CryptoSlate.
Bitcoin’s Thursday slide was a perfect illustration of a market that lost its marginal buyer and then discovered, in real time, how much leverage was sitting on top of that demand. The move wasn't a smooth ride lower; it came in sharp legs that pushed the price from $84,400 toward the low-$81,000s in a matter […]
The post Bitcoin reversal on the cards after $1.7 billion liquidation wave flushed out overleveraged traders appeared first on CryptoSlate.
Analysts flag ETF outflows, defensive positioning, and macro uncertainty as reasons behind bitcoin's range-bound price action.
Onchain lending drove crypto-collateralized debt to a new peak in last quarter, but the leverage underpinning the market is now better collateralized than during the previous cycle.
Despite calmer prices after October’s brutal leverage wipeout, bitcoin and ether market depth remains structurally thin, creating a more fragile trading environment.
Bitcoin will likely consolidate under $110,000 after another de-leveraging event spurred the recent drop below $100,000, analysts say.
Regulators froze new lending products after forced liquidations and market distortions, but some analysts say improvements, not shutdowns, are the smarter path forward.
Crypto loans are back near bull-market highs, but last week’s $1B liquidation shows leverage is cutting both ways.
The Defiance daily target 2x short MSTR ETF fell to a record low for the fourth consecutive day.
Roughly 237,000 traders were liquidated in total, with the single largest hit being an $88.5 million BTC-USDT short on HTX.
The trader also lost $12.5 million on a bitcoin long last week.
Galaxy’s latest report shows crypto leverage fell overall, but structural shifts in DeFi, CeFi and treasury financing signal rising interdependence and hidden risk.
Bitcoin’s market structure has shifted decisively toward leverage, with derivatives now overwhelmingly accounting for the majority of daily trading volume. Data from CryptoQuant showed that the derivatives market consistently comprised over 90% of Bitcoin’s total trading activity in 2025, pushing the average derivative-to-spot volume ratio to 13.2x YTD. This ratio peaked at 16.6× on May […]
The post Leverage outweighs liquidity as Bitcoin spot volumes drop 40% since January appeared first on CryptoSlate.
Bitcoin’s latest liquidation sweep erased $652.84 million across crypto on April 23, wiping out 172,948 traders. Bitcoin alone contributed $321.70 million, or roughly 50% of the total. Exchange dashboards show shorts carried almost the entire weight: on Bybit, HTX, Gate.io, and CoinEx, more than 95% of BTC positions liquidated were shorts, and across the market, […]
The post Bitcoin’s spike above $93k wipes out shorts, $652M liquidated across the market appeared first on CryptoSlate.
The whale liquidation saw wallet ‘0xf3f4’ opening a highly leveraged 50x ETH long position, depositing $4.3 million in USDC as margin for a total size of 113,000 ETH.
The premium given to the company’s massive bitcoin holdings will exist as long as investors believe it will continue to increase the amount of its bitcoin held per share.
Ether stands out relative to BTC as the go-to major currency for traders looking to amplify returns with the use of leverage
Traders bought up Bitcoin’s dips to $90,000, a sign that investors are confident in BTC prices above $100,000.
Bitcoin futures trade with a 20% annualized premium, levels not seen since March. Will the BTC rally continue?
Hedera, Stellar, XRP, Algorand and Cardano rallied 250% in 30 days. Is a price correction looming?
Cardano's record high open interest metric raises concerns about a sharp sell-off, but strong market demand suggests the ADA rally could continue.
Bitcoin derivatives reflect traders' confidence in the market and suggest the current price action is just a consolidation phase.
Ethereum futures hit new records, possibly signalling a fresh bull run in ETH.
The DOGE price top could be in, despite constant endorsements from Elon Musk and the general outperformance from most memecoins.