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$BTC ‎Roughly 92% of the $1.09 billion in liquidations came from long bets

‎indicative of how heavily traders had been positioned for further gains before prices reversed.

‎What to know:

‎Bitcoin briefly dropped below $90,000 on Tuesday amid a sharp shift in global risk sentiment, triggering more than $1 billion in forced liquidations of leveraged crypto positions.

‎Roughly 92% of the $1.09 billion in liquidations came from long bets, indicative of how heavily traders had been positioned for further gains before prices reversed.

‎The crypto sell-off coincided with broader market jitters tied to renewed tariff threats from President Donald Trump and a sell-off in Japanese government bonds that pushed global yields higher and pressured risk assets.

‎Bitcoin fell below the $90,000 level on Tuesday as a sharp shift in global risk sentiment triggered a wave of forced selling across crypto markets, wiping out more than $1 billion in leveraged bullish bets.
‎ataData from CoinGlass showed that 183,066 traders were liquidated over the past 24 hours, with total liquidations reaching $1.09 billion.
‎Long positions accounted for nearly 92% of the total, highlighting how heavily traders had been positioned for further upside. The largest single liquidation was a $13.52 million BTCUSDT order on Bitget.
‎Liquidation refers to when an exchange forcefully closes a trader’s leveraged position due to a partial or total loss of the trader’s initial margin. It happens when a trader is unable to meet the margin requirements for a leveraged position (fails to have sufficient funds to keep the trade open).
‎A cascade of liquidations often indicates market extremes, where a price reversal could be imminent as market sentiment overshoots in one direction.
‎Bitcoin slid as much as 3% during the move, falling to as low as $87,800 in late U.S. hours before climbing above $89,000 as of Asia morning hours.
‎The pullback marked a reversal from last week’s consolidation near recent highs.
‎The selloff came as broader financial markets turned cautious.
‎President Donald Trump’s renewed threat to impose tariffs on European nations that rejected his proposal tied to Greenland unsettled investors, reviving concerns about trade tensions and policy unpredictability.
‎At the same time, a selloff in Japanese government bonds added pressure, pushing global yields higher and tightening financial conditions.
‎Those crosscurrents have weighed on risk assets more broadly, particularly after an extended rally fueled by enthusiasm around artificial intelligence drove global equity markets to record levels.
‎With positioning stretched and volatility compressed, crypto markets proved vulnerable once sentiment cracked.#TrumpTariffsOnEurope #GoldSilverAtRecordHighs #BTC #CPIWatch #StrategyBTCPurchase

The company now holds 4.203 million ETH, 193 BTC, a $22 million stake in Eightco Holdings, and nearly $1 billion in cash.
What to know:
‎Bitmine Immersion Technologies secured shareholder approval to expand its authorized shares, with 81% of votes cast in favor of the proposal.
‎The company now holds 4.203 million ETH (about 3.5% of circulating supply), 193 BTC, and a $22 million stake in Eightco Holdings, along with nearly $1 billion in cash.
‎Bitmine has staked around 1.83 million ETH at a 2.83% Composite Ether Staking Rate, and recently invested $200 million in Beast Industries, demonstrating its strategy of ETH accumulation and diversification.
‎Bitmine Immersion Technologies (BMNR), the largest corporate holder of ether
‎ETH $2,986.73 secured investor approval to increase the number of authorized shares, giving the company greater flexibility to raise capital.
‎The measure, Proposal 2 at Bitmine’s annual stockholder meeting on Jan. 15, passed with 81% of votes cast in favor, the company said in a Tuesday press release.
‎The proposal does not mean issuing new stock immediately, but instead raises the ceiling on how many shares the company can issue in the future.
‎BMNR is lower by 8% on Tuesday alongside a sharp decline in the price of ETH to just above $3,000.
‎Authorized shares set the legal limit on how much stock a company can sell. Increasing that limit opens the door for Bitmine to issue new equity to fund growth, pay for acquisitions, or support its ongoing accumulation of ether.
‎While issuing more shares could eventually dilute current investors, Bitmine executives sought to reassure shareholders that they would not sell below the company’s market net asset value (mNAV), which reflects its significant ETH holdings, to which 35,268 ETH were added last week. The company is trading at 0.86x mNAV at the time of writing.
‎The company also added that those holdings now comprise 4.203 million tokens, or about 3.5% of ether’s circulating supply, along with 193 BTC and a $22 million stake in Eightco Holdings (ORBS).
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