Crypto markets turned defensive on Thursday as a wave of leveraged liquidations collided with renewed selling pressure from U.S. spot Bitcoin ETF outflows, reinforcing a broader ‘de-risking’ move across majors and large-cap altcoins.
Over the past 24 hours, roughly $298.02 million in leveraged positions were forcibly liquidated, according to aggregated derivatives data. Rather than signaling a dramatic deterioration in spot prices, the flush-out pointed to an unwind of ‘crowded long positioning’ that had built up during the prior rebound. Liquidations were concentrated in Bitcoin (BTC) at… Read more
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