The washout reduced forced-selling risk, but spot volume and ETF creations still need to carry the next move.
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Bitcoin and the wider crypto market faced a heavy risk-off session as ETF redemptions, leverage liquidations and a large Deribit options expiry converged.
XRP came under renewed pressure as traders watched the $1 level, a multi-month falling wedge and a wave of long liquidations.
Bitcoin slipped below $59,000 after May PCE inflation came in at 4.1% year-over-year, with market data pointing to liquidations and ETF-flow pressure.
Bitcoin price fell below $60,000 this week and touched its lowest level since October 2024 as traders abandoned expectations for interest-rate cuts and began preparing for the Federal Reserve to raise borrowing costs later this year. According to CryptoSlate's data, the largest digital asset dropped more than 4% in the last 24 hours to as […]
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Bitcoin’s drop toward the $59,000 area triggered a fresh leverage flush, with CoinGlass data showing heavy futures liquidations across the crypto market.
Bitcoin’s sustained price correction is deepening as demand from US investors weakens, leaving the world’s largest cryptocurrency increasingly exposed to leveraged positions clustered below $60,000. According to CryptoSlate's data, the top crypto traded at $59,800 at press time, down 16% this month. This decline has brought the asset closer to price levels where forced liquidations […]
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Ethereum traders are watching two major liquidity zones after market analyst Ted Pillows said ETH liquidation clusters have become “pretty balanced” around
Bitcoin bulls are watching the $63,500 support zone as traders map a potential squeeze toward the $67,000 area.
Bitcoin’s emerging digital-credit trade broke below its promise of calm this week. This week, Strategy’s STRC preferred shares fell as low as $82.50 before rebounding, while Strive’s SATA slid from around par into the low $90s and also recovered. Both products had been sold into the market as income instruments built around Bitcoin treasury companies, […]
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Bitcoin slipped through short-term support as postponed US-Iran talks added fresh risk-off pressure and crypto liquidations accelerated.
Bitcoin’s drop toward $60,000 last week exposed how quickly a shift in investor appetite can turn into forced selling when leverage has been rebuilt beneath the surface of the crypto market. The largest cryptocurrency by market value fell nearly 14% last week, triggering almost $10 billion in liquidations of long futures as traders who had […]
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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 is trading below below $78,000 as weakening demand from US spot exchange-traded funds (ETFs) collides with a buildup of leveraged positions that could deepen selling if key support levels fail. Data from CryptoSlate showed that the largest digital asset trades near $77,400 after briefly clearing $82,000 earlier this month. The retreat came following a […]
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Bitcoin's price has dropped below $75,000 for the first time since mid-April, triggering a broad decline across digital assets. Data from CryptoSlate showed that the largest digital asset fell more than 3% over the past 24 hours to as low as $74,255 after trading above $77,000 earlier in the session. The move placed Bitcoin back […]
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Trader sentiment in Shiba Inu derivatives market has done a complete 180 over the past week. Net positions — which sat at around -200 million just days ago, reflecting a market tilted toward short bets — have swung to more than +400 million in net longs as of May 11. That kind of shift in a short window is not common. Related Reading: Nearly 80% Of Bitcoin Supply Hasn’t Moved As Long-Term Holders Tighten Grip From Short To Long: A Full Reversal The turnaround began around May 6, when net positions started climbing out of negative territory. By May 9, the indicator had crossed into positive ground, and it kept climbing. According to market watcher CW, buying pressure has grown sharply and is now dominating the market. “The upward momentum of $SHIB is increasing explosively,” he said. The upward momentum of $SHIB is increasing explosively. Upward pressure is very strong. pic.twitter.com/krXs9zhcM7 — CW (@CW8900) May 10, 2026 That momentum shows up clearly on the price chart. SHIB has been rising steadily from the $0.00000615 range, forming a pattern of higher lows and higher highs since May 10 — a sign that buyers have held control without the market getting sloppy or erratic. The price reached above $0.00000660 by May 11, a gain of roughly 6.50% over the past week. Open Interest Climbs Past 6 Billion The derivatives market is also pulling in fresh participants. Open Interest — which tracks the total value of outstanding contracts — rose from just above 5 billion on May 5 to over 6 billion at the time of reporting. That increase suggests traders are opening new positions rather than simply closing old ones. When prices rise alongside growing Open Interest, it typically points to sustained demand rather than a technical bounce driven by short sellers getting squeezed out. Reports indicate that this combination is what analysts often look for when assessing whether a rally has legs. Leverage Cuts Both Ways Still, the same buildup that has driven prices higher carries risk. With Open Interest elevated and long positions stacked up, a slowdown in price movement could set off a chain of forced liquidations. If SHIB struggles to push higher while leverage stays elevated, a quick drop becomes more likely — even if the broader direction has not changed. Related Reading: XRP Market Now Controlled By Whales? Dominance Reaches 91% On Binance For the upside to continue, reports say SHIB needs to hold above the $0.00000665 to $0.00000670 range. That zone now acts as a key level. If buyers defend it, the next leg higher remains on the table. If they don’t, the market may correct sharply before finding its footing again. Featured image from Anne Arundel County Government, chart from TradingView
Bitcoin climbed toward $80,000 after Iran said the Strait of Hormuz was fully open to commercial traffic for the remainder of the ceasefire period, easing pressure on one of the world’s most important energy chokepoints and triggering a broader risk-on move across markets. The largest cryptocurrency rose 5% on the news to as high as […]
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Bitcoin climbed to its highest level since the early-February sell-off after US producer prices went up, but rose less than economists expected, in March, with easing oil prices and stronger equity markets adding to the rebound in risk assets. According to CryptoSlate's data, Bitcoin surged past the $76,000 mark during early US trading hours, with […]
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RAVE has surged several thousand percent in seven days, driving frenzied trading activity and large liquidations, second only to industry leaders bitcoin and ether.
Bitcoin fell back toward $65,000 on Friday as investors cut exposure to risk assets after another round of Middle East tensions kept oil prices elevated, pushed Treasury yields to their highest levels in months, and lifted the dollar. According to CryptoSlate's data, BTC dumped nearly 5% to around $66,484, its lowest price since the beginning […]
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A potential US military strike on Iran’s main oil export terminal helped push Bitcoin to its highest price in over a month Monday, as traders poured money into crypto while pulling back from stocks. Related Reading: WLFI Holders Face New 6-Month Lockup Rule To Gain Voting Power Squeeze At The Top Reports show Bitcoin jumped from roughly $72,400 to $74,320 in under 30 minutes — a move sharp enough to wipe out $113 million in short positions within the hour. Based on data from CoinGlass, around 94,612 traders were liquidated in the last 24 hours, the total liquidations comes in at $385.48 million. Short sellers, who had bet on prices falling, were forced to buy back their positions as the price climbed, which pushed it even higher. By early afternoon, Bitcoin was trading near $73,900, up 2.7% on the day. War Fears, Oil Shocks, And A Crypto Bounce The backdrop was anything but calm. US President Donald Trump has been pushing allies — including Britain and Japan — to help form a coalition to reopen the Strait of Hormuz, which Iran has blocked. Reports indicate Trump is also weighing a military seizure of Kharg Island, the facility that handles roughly 90% of Iran’s crude oil exports. The threat rattled energy markets and sent oil prices climbing. But while stocks have shed trillions in value since the US-Iran conflict broke open on February 28, crypto moved the other way. The total digital asset market cap has grown by more than $310 billion since then. Bitcoin alone is up over 15% from its post-strike lows. Gold posted only modest gains over the same stretch. Traders point to a shift in where money goes when traditional markets wobble. As oil supply fears mount and inflation concerns build, some investors have been moving capital into assets like Bitcoin that sit outside the traditional financial system. Related Reading: XRP Faces Systematic Rigging, Major Holder Says ETF Inflows Add Fuel The rally isn’t just about war headlines. Continued cash flows into US spot Bitcoin exchange-traded funds have provided a steadier, quieter lift beneath the more dramatic price swings. Optimism around pending crypto legislation added to that mood heading into Monday’s market open. Still, the week ahead carries a lot of uncertainty. A pullback in geopolitical tension could ease the demand that helped drive the spike. And with leveraged buyers now holding positions near recent highs, a reversal could hit hard and fast — the same way Monday’s rally did on the way up. Featured image from Arash Khamooshi/The New York Times/Redux, chart from TradingView
Bitcoin's derivatives market gave us the best explanation of this week's macro stress. Funding rates turned sharply negative, open interest stayed elevated, and then the US jobs report landed. Put together, that showed a market leaning hard into downside hedges just as a real macro catalyst arrived. That sequence is worth understanding because it explains […]
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Bitcoin is flashing its most oversold signal on record amid its continued price struggles in this current macroeconomic environment and persistent exchange-traded fund (ETF) outflows. According to CryptoSlate data, BTC's price dipped to around $62,700 over the last 24 hours, while its weekly relative strength index (RSI) printed roughly 25.7. BTC has risen to above […]
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Bitcoin’s grip on the crypto market is tightening again, and the numbers behind that shift help explain why a broad basket of altcoins is unlikely to beat the top crypto. Data from CoinMarketCap indicate that Bitcoin's dominance is edging upwards towards 60% of the total crypto market capitalization. In comparison, altcoins' dominance has been trending […]
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Bitcoin experienced a steep decline over the last 24 hours, pushing its price to approximately $60,000 amid an accelerated selloff comparable to the 2022 FTX collapse. BTC had recovered to $69,800 as of press time, according to CryptoSlate data. Still, Glassnode data helped frame the extent to which the price had slipped relative to widely […]
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Ethereum co-founder Vitalik Buterin and other prominent “whales” have offloaded millions of dollars in ETH since the beginning of February, adding narrative fuel to a market rout that saw the world's second-largest cryptocurrency tumble below $2,000. While the high-profile sales by Buterin served as a psychological trigger for retail panic, a closer examination of market […]
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A wallet attributed to President Donald Trump's World Liberty Financial, which is managed by his sons, withdrew approximately 173 wrapped Bitcoin from Aave V3 on Feb. 5 and sold them to repay $11.75 million in stablecoin debt. This sequence reveals the mechanics of voluntary deleveraging: as Bitcoin's drawdown below $63,000 forces whales to sell collateral […]
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A leveraged Ethereum position built by Jack Yi's Trend Research continues to unwind under pressure. The position, assembled through Aave's lending protocol and reported to have reached roughly $958 million in borrowed stablecoins at its peak, has been shrinking through repeated defensive sales as Ethereum's price declines. On Feb. 4, Trend deposited another 10,000 ETH […]
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Months after the Oct. 10 liquidation cascade, market depth has yet to recover, and traders are divided over Binance's role as bitcoin continues to crash.
Late on Friday, Illinois regulators shut down Metropolitan Capital Bank and Trust, a little-known institution with just $261 million in assets, handing control to the FDIC in what was officially a routine resolution. But it landed in the middle of a much louder market shock. On the same day the bank failed, gold and silver […]
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