Bitcoin liquidations don pass $1.5B as BTC drop and ETFs dey bleed
Bitcoin (BTC) drop comot to around $61,442 for Asian trading and e just recover small to about $63,832, making BTC reach im lowest level for almost four months.
Di sell-off cause big liquidation cascade. CoinGlass data show say over 208,000 investors don chop loss inside 24 hours, with total crypto liquidations pass $1.5B. Bitcoin make up over $800M of the losses, while Ethereum (ETH) add about $386M.
On-chain and flow signals show say pressure still dey. Around 54,000 BTC dem report move go exchanges last week, wey analysts talk fit turn to about $3.78B potential short-term sell pressure.
Institutional demand dey weak. SoSoValue report say US spot Bitcoin ETFs log net outflows almost $1B this week, include $396M outflows on Wednesday. For the past three weeks, total ETF outflows from Bitcoin exchange-traded products reach about $3.7B.
Macro and risk factors also dey weigh down sentiment: rising US–Iran tension boost demand for US dollar and push investors to defensive equities, including AI stocks. Presto Research point out say investor rotation comot from crypto happen same time precious metals and AI-related equities strong as hopes for US Fed rate cuts fade.
Strategy (one institutional BTC holder) sell part of e holdings this week, e first BTC sale in nearly four years, add uncertainty about the longer-term accumulation thesis.
For traders, the key things to watch na BTC exchange inflows, ETF flows, and whether liquidation momentum go turn to stabilization or another leg down for Bitcoin (BTC) and the wider market.
Bearish
Di tori nyun bad for traders because e combine three forces wey dey amplify downside: (1) big liquidation event (> $1.5B; 208k+ accounts wipe comot), (2) possible sell pressure as BTC dey move go exchanges (~54,000 BTC inside one week), and (3) weak institutional demand from spot Bitcoin ETF outflows (~$1B net dis week; ~$3.7B over three weeks). Historically, liquidation clusters dey cause short-term volatility and fit give small bounces, but if ETF flows and exchange inflows still negative, rebounds often fail and price fit "grind lower."
Short-term, traders fit see higher intraday swings as forced selling clear some longs, yet the rise in exchange supply fit re-accelerate downside. Watch whether liquidation volumes begin to fall while BTC stabilize near recent lows.
Long-term, the article macro narrative (risk-off sentiment from US–Iran tensions, rotation into AI equities/precious metals as Fed-cut expectations fade) show structural headwinds for crypto allocation. The Strategy partial sale also reduce confidence in the long-term accumulation story, unless big holders start buying again.
Overall, unless BTC exchange inflows slow and ETF flows turn positive, probability favor continued downside pressure, making the setup bearish.