Crypto Market Volatility
Total liquidations reached $235 million, with short positions taking the bigger hit at $156 million versus $79 million in longs. Over 103,000 traders were wiped out, mostly on BTC, ETH, and altcoins as prices swung but ultimately stabilized.
Bitcoin climbed about 1.5% to roughly $70,600, helping push the global market cap up 1.4% to $2.42 trillion. Ethereum stayed flat near $2,075.
The biggest headline was Trump-linked Truth Social Funds filing for two new ETFs: a Bitcoin-and-Ether product plus a Cronos staking yield maximizer. This move, filed in partnership with Crypto.com, signals continued strong White House support for crypto and could draw fresh institutional money.
Overall, the liquidations reflect some leverage cleanup after recent swings, but the fresh pro-crypto ETF news from the Trump orbit points to building tailwinds. Sentiment remains cautiously optimistic as regulatory clarity efforts like the CLARITY Act keep moving forward.
Stay tuned for tomorrow’s pulse!
#PEPEBrokeThroughDowntrendLine
