Bitcoin Volatility Sparks Liquidations; Mutuum Finance (MUTM) Presale Gains Traction
Bitcoin plunged amid news-driven selling and concentrated leveraged liquidations, with reports of $400M–$500M+ wiped out in a single hour as BTC traded below $87,000. Volatility remains elevated and ETF inflows are mixed, keeping traders wary of a deeper break toward $80,000. In this risk-off backdrop, investor interest is rotating into early-stage DeFi opportunities. The article highlights Mutuum Finance (MUTM), a decentralized lending protocol currently in its presale. MUTM reports roughly $19–19.9M raised and over 18,300–18,800 holders; the sale progressed from $0.035 in earlier phases to $0.04 in phase 7 (moving to $0.045 and later $0.06 launch price). Presale incentives include liquidity-mining examples (10% APY on MUTM), daily leaderboard rewards, large giveaway prizes, and fiat on-ramps. The piece is a promotional press release and warns readers to do their own due diligence. Primary keywords: Bitcoin, BTC price, liquidations, volatility, Mutuum Finance, MUTM presale, DeFi presale.
Bearish
The combined reporting points to immediate downside pressure on Bitcoin. Large, concentrated leveraged liquidations (reported between $400M–$500M+) and a sharp intraday drop indicate heightened short-term selling risk and sensitive market reaction to news. Compressed volatility measures and mixed ETF inflows suggest uncertainty and a path-dependent market where another negative catalyst could push BTC below key support near $80,000. For traders this implies higher probability of short-term downward moves, elevated stop-run risk, and the need for tighter risk management. The mention of capital rotating into DeFi presales (MUTM) is a secondary flow and does not offset macro-driven BTC selling; it may absorb marginal retail interest but is unlikely to provide substantial support to BTC prices. Over the medium term, if ETF flows turn decisively positive or macro sentiment improves, BTC could recover, but the near-term bias remains bearish until price stabilizes and liquidations subside.