Bitcoin broke below $63,000 amid a leverage flush and spot-ETF outflows, dragging Ether and the broader complex lower alongside the equity-market risk-off.
Investorideas.com (www.investorideas.com), a leading investor news and research portal covering crypto and blockchain stocks, reports on a sharp slide in Bitcoin and the broader crypto complex.
The slide
Bitcoin broke below $63,000 amid a leverage flush and continued spot-ETF outflows, dragging Ether and the broader complex lower alongside the equity-market risk-off, per CoinDesk and others. CoinDesk’s header showed Bitcoin near $62,340 (down 2.71%) and Ether near $1,649 (down 5.49%), with prices varying slightly by feed. More than $500 million was liquidated across crypto in 24 hours, with roughly 80% of it from long positions. Separately, Metaplanet was removed from an S&P Japan index, and the tokenized real-world-asset market topped $51 billion.
Bitcoin falling with stocks, rather than acting as a hedge, confirms it is still trading as a high-beta risk asset when leverage unwinds.
The drop is a leverage flush, not just selling. Roughly 80% of the more than $500 million in 24-hour liquidations came from long positions, so forced selling amplified the move below $63,000.
Crypto moved with the risk-off tape. Bitcoin and Ether fell alongside equities and metals, a sign the selloff was a broad de-risking rather than a crypto-specific event.
The crypto slide tracked the same risk-off move that hit precious metals and sent equities sharply lower.
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