Crypto Giant Dethroned: Bitcoin Drops Out Of Top 10 Amid Market Shift
Summary
Bitcoin’s selloff triggered over 172,000 trader liquidations in a day, with total crypto liquidations near $921 million. Bitcoin accounted for $352 million of losses, followed by Ethereum at $241 million; more than 90% of liquidations were long positions, showing traders were caught betting on a rebound. Bitcoin fell about 1.7% on the day and 5% over the week, trading near $73,125, and slipped to 13th among global assets by market cap. The broader crypto market weakened too, with Ethereum, BNB, and XRP all lower. Gold remained the largest asset globally above $31 trillion, while Bitcoin’s market cap was about $1.47 trillion. Technical signals stayed bearish, and reclaiming $75,000 is seen as important for restoring confidence.
