3 recorded changes
Want your article here?
Promote with Leviathan NewsBitcoin’s latest bout of extreme volatility has triggered hundreds of millions of dollars in forced liquidations, underscoring how heavily leveraged the crypto market remains even near six‑figure prices. At the same time, a U.S. federal government shutdown has frozen progress on several key crypto policy initiatives, leaving market participants without clear regulatory direction as speculative trading continues, and smaller tokens such as River and ChainOpera AI post outsized gains. Over a recent 24‑hour window, sharp intraday swings in Bitcoin—oscillating within a high five‑figure to low six‑figure range—helped drive roughly $657 million in liquidations across the crypto derivatives market, according to multiple analyses of Coinglass data. These wipeouts were overwhelmingly concentrated in leveraged long positions, with around $584 million of the total coming from bullish bets that were forcibly closed as BTC failed to hold key support and resistance levels. Similar liquidation waves earlier in the current cycle have been tied to failed breakouts after new all‑time highs above $110,000 and to swings around the $75,000–$80,000 zone, highlighting how quickly highly margined positions are flushed when Bitcoin reverses direction. The episode reinforces that, even in a mature ETF era with larger institutional participation, price discovery is still strongly influenced by derivatives leverage and rapid cascades of margin calls. In parallel, a U.S. federal government shutdown has stalled normal legislative and regulatory activity, delaying movement on a series of crypto‑related measures that had been advancing through Congress and U.S. financial regulators. Earlier in the year, developments such as the CLARITY Act’s progress in the Senate Banking Committee and ongoing work on market‑structure and stablecoin bills had been closely tracked by traders as potential catalysts for clearer rules around digital assets. With the shutdown halting or slowing committee work, agency rulemaking, and budget‑dependent oversight, the U.S. policy outlook for crypto remains uncertain, leaving exchanges, token issuers, and institutional allocators without clear timelines for new guidance. Against this backdrop of regulatory limbo and macro‑driven volatility, pockets of speculative activity have shifted into smaller‑cap names, with tokens like River and ChainOpera AI reported among the day’s top percentage gainers, reflecting continued risk‑on appetite at the fringes of the market even as Bitcoin’s turbulence liquidates heavily leveraged traders. "entities": ["Bitcoin (BTC)", "River", "ChainOpera AI", "Ethereum (ETH)", "Coinglass", "U.S. government", "U.S. Congress", "Senate Banking Committee", "CLARITY Act"]}'} }}endregion
AI-generated background, compiled from web sources — not editorial content.
𝕏/@RoboStrategy ·
𝕏/@axisrobotics ·
Coindesk ·
𝕏/@tiger_research_ ·
𝕏/@JensenHuang ·
𝕏/@claudeai ·
𝕏/@RoboStrategy ·
𝕏/@axisrobotics ·
Coindesk ·
𝕏/@tiger_research_ ·
𝕏/@JensenHuang ·
𝕏/@claudeai ·
🚀 Love DeFi? Ready to dive in and start earning $SQUID while making an impact?