Bitcoin Falls Below $62,000 to Pre-Iran Conflict Low as Crypto Slide Extends and $1.5 Billion in Longs Are Liquidated
Spot Bitcoin ETFs logged an 11-day outflow streak as about $1.5 billion in leveraged crypto bets were wiped out, CoinGlass data showed.
- Bitcoin fell below $62,000 on Thursday morning, sliding to its lowest level since before the Iran conflict began this spring and erasing gains from the oil-market rally.
- Cumulative crypto liquidations approached $1.5 billion over 24 hours, while Spot Bitcoin ETFs posted their 11th consecutive day of net outflows on Wednesday, extending the longest streak since January 2024.
- MSTR stock fell 8.5% Monday and 6% Wednesday as the company sold 32 BTC for $2.5 million, marking a symbolic sale for a firm holding 843,706 BTC total.
- CryptoQuant characterized the move as a "real buyer drought," while Galaxy Research called the ETF outflows a "real directional recalibration," as the VIX-equivalent BVIV surged nearly 20% Tuesday.
- CoinShares likened the current pattern to the January-to-February 2025 episode that produced five weeks of withdrawals, noting damage drained AUM from over $108 billion to roughly $82 billion.
22 Articles
22 Articles
Bitcoin falls below $61,500 as $3 billion in liquidations rock crypto market and traders brace for more pain - Tech Startups
Just months ago, Bitcoin was trading above $126,000 and fueling fresh predictions of a six-figure future. Today, traders are asking a different question: How much lower can it go? The world’s largest cryptocurrency briefly plunged to $61,300 during a sharp […] The post Bitcoin falls below $61,500 as $3 billion in liquidations rock crypto market and traders brace for more pain first appeared on Tech Startups.
Bitcoin Falls Below $62,000 to Pre-Iran Conflict Low as Crypto Slide Extends and $1.5 Billion in Longs Are Liquidated
Bitcoin fell below $62,000 Thursday morning, sliding to its lowest level since before the U.S.-Iran conflict began this spring and wiping out the rally that started when oil markets first reacted to the geopolitical escalation. The slide accelerated overnight as cumulative crypto liquidations approached $1.5 billion over the past 24 hours, with bullish bets accounting for the bulk of the losses, according to CoinGlass data. The arithmetic of the…
Times of India
The Economic TimesBitcoin falls to pre-Iran conflict low as crypto slide extends
Bitcoin experienced its lowest point since the start of the Iran conflict, dropping over 5% to below $62,000. This decline follows Strategy Inc.'s sale of Bitcoin holdings, shattering market confidence. Renewed Middle East tensions and significant outflows from Bitcoin ETFs further pressured the cryptocurrency.
Bitcoin Dips Below $62,000 As Market Faces Renewed Selling Pressure
BitcoinWorld Bitcoin Dips Below $62,000 as Market Faces Renewed Selling Pressure Bitcoin has slipped below the $62,000 threshold, reflecting renewed selling pressure across cryptocurrency markets. According to Bitcoin World market monitoring, BTC is currently trading at $61,994.01 on the Binance USDT pair, marking a notable retreat from recent higher levels. Market Context and Immediate Triggers The drop below $62,000 comes after a period of re…
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