“Strategy (Mstr) Plunged as Much As 10% and is Now Lower Year-To-Date.”, – WRITE: www.coindesk.com
Eth$ 3,902.11 PlumMeted 8% Through the Past 24 Hours Rapidly Approaching $ 3.800, Erasting Gains Since Early August. IT’S NOW HAS LOST 22% SINCE ITS RECORD HIGHS LAST MONTH. SOL$ 196.98Changing Hands Above $ 250 Only Two Weeks Ago, Plunged Below $ 200, Down Another 8% Today. The Coindesk 20 Index Was Down 6%.
The Sharp Move Lower Across The Board Trigger A Widespread Leverage Flush on Derivativs Markets, Liquidating Over $ 1.1 Billion Worth of Levergrad Trading Positions, Coinglas Data Ether Led Liquidations with Over $ 400 Million Long Positions, Or Bets on Higher Prices, Being Wiped Out, Followed BiCoin’s $ 265 Million.
Crypto Liquidations Over The Past 24 Hours (Coinglass)
Crypto equities also took a hit. Michael Saylor’s Strategy (Mstr), The Largest Corporate Owner of BTC, Sunk As Much As 10% During the Session to Five-Month Low. The Stock, WHICH IS OFTEN Seen As A Levered Betcoin’s Price, Gave Up All of This Year’s Gaves and Is Now 1.5% Down Year-To-Date, While Btc is Still Holting on.
Ether Treasury Firms Bitmin (BMNR) and Sharplink Gaming (SBET) Were Down 7%-8%, As Were Bitcoin Mines Mara Holdings. (Mara) and Riot Platforms (Riot).
With Thursday’s Nosedive, BTC is Now Brink of Taking Out the Lows of Late August-Early September, WHEN IT BOTTOMED JUST ABOVE $ 107,000. That price level could serve as Support at Least for A Bounnce, with Order Books Also Showing A LIQUidity Cluster Whole Absorb Selling Pressure, Condesk Reported on a Hych.
Read More: Here Are The 3 Make-Or-Break Bitcoin Price Floors As Btc Sell-Off Gathers Steam
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
View Full Report
The decline in bnb comes as sentiment Remains Poor, with the Crypto Fear and Greed Index Nearing “Fear” and the AVERAGE RSI INDICATING OVERSOLD CONDITIS.
- The BNB Token, Used For Fee Discountings On Binance and Powering The BNB Chain, Droped More than 2% in the Last 24 Hours to Around $ 1,000, Amid A Broader Cryptocurrency Market Deckline.
- Sentiment in the Industry Remains Poor, with The Crypto Fear and Greed Index Nearing “Levels and the Average Crypto Relative Strengt Index
- BNB Chain Validators Hve Propeducing Gas Fees by 50% to 0.05 Gwei, WHICH COURKLD LOWER Transaction Costs and Accelerate Block Speeds, Potentillally Boosting on -chain Trading Acting Acting Acting Acting
Read Full Story