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What Happened in Crypto Today: What Really Happened When Bitcoin Peaked?
Looks like someone hit the panic button.
Bitcoin just took over a $5K dip, and people are wondering what’s going on.
The funny part? While Twitter's full of theories about market manipulation and whale games, the real reason might be a lot simpler (and way more interesting).
And those liquidation numbers? They are massive!
Maybe it's because no one saw this coming - or maybe because everyone saw it coming and chose to ignore it anyway.
So what's actually going on? Let's make sense of it all! Here is a quick rundown of the top headlines from the past 24 hours:
Let’s dive in!
Bitcoin's Profit Picture Is Changing
Bitcoin's wild ride to $100,000 brought something unexpected - a massive drop in realized profits. After touching that milestone, profits plunged 76% from their peak of $10.5 billion to just $2.5 billion.
The interesting part? This could actually be good news for Bitcoin's stability.
When Bitcoin first crossed $100,000, it triggered a sharp 10% drop and over $303 million in liquidations. But now, with fewer people rushing to cash out their gains, any future dips might be gentler.
What does all of this mean? Why isn't the price surge resulting in higher profits? Read the full story !
A Brutal Day for Crypto: Half a Million Traders Got Wiped Out
Bitcoin's journey back under $95,000 just triggered one of the biggest market cleanouts we've seen in years - $1.5 billion in liquidations across more than 514,000 traders.
Most of the damage hit long positions, with $1.38 billion wiped out compared to just $136.7 million in shorts. Ethereum took the biggest hit at $204.7 million, while Bitcoin saw $163.4 million in liquidations.
This wasn't just about Bitcoin though. The entire crypto market took a hit, with total market cap shrinking by 7.5%.
What really triggered this massive crash? Read the full story !
Messiest Day Ever?
The crypto market is showing its unpredictable side again. Bitcoin dipped under $97,000, but that's just the beginning of the story.
Altcoins are taking an even bigger hit. XRP dropped 15% to $2.38, Dogecoin slid 8% to $0.428, and Solana fell 6% to $222. Even the meme coins couldn't escape - Popcat and Peanut the Squirrel crashed over 20%.
The damage? Over $1.71 billion in liquidations across half a million traders. Binance, OKX, and Bybit saw the highest volumes of these forced closures.
What's really driving these wild price swings? Read the full story !
The Bitcoin Whale Is Here!
Michael Saylor's Bitcoin shopping spree continues, and the numbers are staggering. It just added 21,550 more Bitcoins to its stack, spending $2.1 billion in just six days.
That brings their total holdings to 423,650 Bitcoin - worth $41.5 billion. To put that in perspective, they now own more than 2% of all Bitcoin that will ever exist.
They've been buying non-stop for five weeks, accumulating 171,430 BTC during that period. And they're paying premium prices too - their latest batch cost them $98,783 per Bitcoin.
Where's all this money coming from? And what's driving this aggressive accumulation strategy? Read the full story !
Investment Money is Flooding Into Crypto Like Never Before
The crypto market just hit a milestone that changes everything.
$3.85 billion poured into crypto investment products last week - the highest ever recorded.
The U.S. led this charge with $3.6 billion, while Switzerland and Germany followed with $160 million and $116 million respectively. This pushed the total assets under management past $165 billion.
So what’s driving this flow of investment even when the market took a dip? Read the full story !