BTC -2.4% · ETH -8.5% · SOL -5.2% · $666M liquidated (77% longs) · top mover VVV +14%
Another day, another $666 million flushed down the crypto toilet. The longs must have collectively thought, "You know what they say: a dollar saved is a dollar wasted." 77% of them, to be exact, learned the hard way that leverage is just a fancy word for "I'm a degenerate." Amid the chaos, Bitcoin briefly flirted with $60,000, only to be rejected by the cold, unforgiving hand of reality. Meanwhile, the spot Bitcoin ETFs attracted a paltry $3 million, a drop in the bucket compared to the liquidation fun.
As the bears danced in the streets, the bulls were left to wonder what could have been. VVV, KAS, and ENA were the only ones who managed to defy gravity, gaining 14%, 6%, and 4% respectively. M, ICP, and BCH, on the other hand, looked like they'd been put through a wringer, losing 14%, 13%, and 12% respectively. The market was a mess, but one thing was clear: the bears won.