📉 Bitcoin Plummets; Crypto Market Loses ~$2 TRILLION in Value

• Huge Drop in Key Crypto

Bitcoin plunged sharply this week — down around 17% and hitting its weakest level (~$63K) since late 2024 — driving a ~US$2 trillion wipe-out in global crypto market capitalization from its recent peak.

• Sharp Liquidations & Weak Sentiment

Roughly $1 billion in Bitcoin positions were liquidated in 24 hrs as risk appetite weakened, and both BTC and Ether saw outsized losses.

• Broader Market Correlation

The sell-off spread beyond crypto — with tech stocks and even metals markets showing volatility — amplifying risk-off sentiment across asset classes.

• ETF Outflows & Institutional Pullback

Institutional flows have turned negative, with spot Bitcoin ETFs experiencing outflows for months, signaling declining interest from traditional investors.

💡 Expert Insight:

This isn’t just a short correction — analysts say markets may be shifting into a deeper reset phase, where panic selling and venue liquidations can keep pressure on prices for weeks or months rather than days.

#CryptoCrash #MarketSelloff #Liquidations #CryptoMarket #BTCPriceAction $BTC