Crypto sell-off wipes over $500bn in ten days
Bitcoin has fallen from a $75k weekly open to about $63k in one of the largest ten-day crypto sell-offs on record. Traders cite leveraged unwinds and stablecoin outflows, while some call a bottom.
Confirmed
- Bitcoin's weekly candle opened near $75k and is now around $63k
- Over $500bn wiped in ten days, among the largest 10-day sell-offs on record
- The Ethereum Foundation sold 7,500 ETH over four days
Not yet known
- Whether leveraged unwinds and stablecoin outflows are the true drivers; traders cite them
- Whether a bottom is in; some traders call one, others see more sellers
- Unconfirmed: whether a major exchange sold $1.77bn of BTC in 24 hours
- Whether the $1.93bn of perp unwinds and $20bn stablecoin outflows are accurate
What we know
Bitcoin's weekly candle opened near $75k and is now around $63k. Over half a trillion dollars has been wiped in ten days, with only four larger 10-day sell-offs on record. One commentator lists $1.93bn of perp unwinds, $20bn of monthly stablecoin outflows and liquidity rotating into an IPO as drivers, a post-hoc narrative. Unverified claims say Binance sold $1.77bn of BTC in 24 hours. Some traders say they are buying spot and expect a bounce that squeezes shorts, while others note more sellers than buyers this weekend. The Ethereum Foundation sold 7,500 ETH over four days.
Will Bitcoin dip to $55,000 by December 31, 2026?
Traders' bets on Polymarket, not a forecast by Global Eye 24. Polymarket · $8.4m traded · updated 09:31 UTC
Bitcoin weekly open vs current price
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
“Over half a trillion dollars has been wiped from the market in ten days.”
View post →“dis weekly opened at $75k now were at $63k”
View post →“Ethereum Foundation Sold 7,500 ETH for 14.52M USDS Over Four Days”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.