Crypto selloff: BTC dips to ~$74k with $1B liquidated
Bitcoin fell to about $74k and ETH to about $2,125 amid $1B in liquidations, before BTC bounced back above $75k. Sentiment is split between dip-buying calls and frustration.
What we know
WatcherGuru via 0xMrWzrd reported $1B liquidated in 10 minutes with BTC under $74k, ETH under $2,125, XRP under $1.10 and SOL under $90. First Squawk had BTC down 2% to $74k and ETH down about 5%. An account on X says BTC is back above $75k and calls it a possible bottom, Kaleo refuses to be shaken out, and another account on X is scaling into BTC, gold and silver.
How the story developed
Bitcoin fell to about $74k and ETH to about $2,125 amid $1B in liquidations, before BTC bounced back above $75k. Sentiment is split between dip-buying calls and frustration.
Bitcoin and alts are down sharply, with traders citing excess leverage. Sentiment is capitulatory, though some see historical midterm patterns and oversold levels as setting up a rebound.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.