Bitcoin Drawdown at 49% Trails Historical 70–90% Cycle Lows
Galaxy Research frames the current 49% drawdown from Bitcoin's cycle high as mild by historical standards, where prior cycles bled 70% to 90% before bottoming.
Live BTC, ETH, and altcoin price moves, support and resistance levels, breakouts, and chart patterns.
Galaxy Research frames the current 49% drawdown from Bitcoin's cycle high as mild by historical standards, where prior cycles bled 70% to 90% before bottoming.
The third-largest 24-hour liquidation event in crypto perps, behind only BTC and ETH, signals leverage built fast as private-market exposure went on-chain.
The one-day prints are ugly, but the seven-day tally tells the worse story: spot BTC ETFs have now shed 5,722 BTC in a week, the largest sustained outflow since launch.
The single largest opening-session drawdown since the 2020 Covid shock, and the speed of the move is forcing cross-asset de-risking before US macro data lands later this week.
The 200WMA at $62,400 is the line everyone watches, but every prior cycle bottom formed just under realized price, and whale cohort cost basis sits in the $49K to $54K band.
Both flagship spot ETF complexes printed net outflows on the same session, a rare synchronized pullback that suggests institutional desks were trimming exposure across the board rather than rotating…
Bitcoin slid 2.5% to $62,300 and ether fell more than 4% while a surging DXY and crowded short-side leverage in SpaceX and XRP perpetuals confirmed sellers are now in control across most of the top…
The 3% drop was driven by Nikkei weakness and a leverage flush, not isolated BTC flow, with long/short taker volume tilting 51/49 toward buyers despite the slide.
The KOSPI halted after a single-day wipeout led by Samsung and SK Hynix, while Bitcoin broke below $63K as $714M in 24-hour liquidations compounded a spot ETF outflow streak now running $6.35B in 30…
Asia risk-off, persistent spot Bitcoin ETF outflows and a leverage flush compounded to drive the move, with ETH printing a triple bottom that is already giving way.
The single-day plunge ranks among the steepest in KOSPI's history, dragging regional Asian markets and reigniting global risk-off as the won slides and Korean won-denominated assets are dumped.
Three prior bear crosses marked cycle lows and the start of three-year rallies. The setup has the lagging-indicator logic traders expect at exhaustion, even if three samples are not a theorem.
The move is broad-based: $2.24T market cap down across majors, Fear & Greed in extreme fear at 23, and Q2's $775M in stolen crypto is the second-cheapest quarter to attack on record.
Over $150 million in leveraged long positions were forcibly closed inside fifteen minutes, the kind of cascade that resets funding and flushes the late FOMO crowd.
Glassnode's index just printed 86, a reading that usually means capital is rotating into alts. It isn't. Bitcoin is doing most of the selling, and that is the whole story.
The token's 1.8% slide to $1.1109 is the smallest of its recent losses, but the repeated return to the $1.05–$1.10 zone is the chart that matters: a break below puts $1.00 back on the table.
The driver is no longer the Iran story or oil; bitcoin is now trading as a leveraged AI-tech bet, with a negative Coinbase premium and Strategy's STRC preferred sliding to a fresh low adding to the…
Cathie Wood's flagship adds to a private-market position the public market just marked down by a sixth in a single session, a counter-cyclical bid on a stock most investors cannot yet buy freely.
A South Korean top-tier listing is the kind of liquidity gateway that pulls regional volume and visibility into a project, and ARX is heading into that funnel on June 23.
The SpaceX mark move wiped a Warren Buffett-sized fortune in a single session and resets Musk's net worth to $1.1T, with $TSLA and xAI stakes now doing the valuation heavy lifting.