Bitcoin Drop Sparks Nearly $1 Billion In Liquidations As Crypto Selloff Deepens

Benzinga

Nearly $1 billion in leveraged crypto positions were liquidated as Bitcoin fell 8% and Ether 10%, deepening a selloff that began after Trump’s tariff threats wiped out $19 billion in leveraged bets. Smaller tokens continue to collapse, while Strategy Inc. set aside $1.4 billion after concerns about its mNAV and Bitcoin exposure hit its shares. Spot Bitcoin ETFs saw modest inflows after heavy monthly outflows as traders watch economic data and rate expectations into year-end.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Nearly $1 billion in leveraged crypto positions were liquidated Monday as Bitcoin fell 8%

00:08and Ether dropped 10%, extending its nearly 30% since early October, according to Benzinga.

00:14Smaller tokens were hit even harder, with a market vector index tracking the lower half

00:19of major digital assets down nearly 70% this year. The sell-off began in early October when

00:25$19 billion in levered bets were wiped out after Trump's tariff threats, triggering a

00:30liquidation cascade. Strategy Incorporated created a $1.4 billion reserve for future payments

00:36after investor concerns about its MNV and Bitcoin holdings pushed shares down more than 10% on

00:42Monday. Spot Bitcoin ETFs saw $70 million in inflows last week after $4.6 billion in monthly

00:49outflows, driven largely by five consecutive weeks of withdrawals from the iShares Bitcoin

00:53trust. Traders are watching economic data and rate expectations as year-end approaches.

00:59For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended