Key Takeaways:
Bitcoin hit an intraday low of $67,521 on Bitstamp as ETF outflows and liquidations hit traders.Strategy sold 32 bitcoin, adding pressure to BTC sentiment after May’s outflows.Binance saw a $23.99M BTCUSDT liquidation as traders watched the $68K zone.That distinction matters for traders because Strategy has long been viewed as a persistent corporate buyer. Even a modest sale can weaken confidence when price action is already fragile.
Leverage turns the drop into a cascadeOver the past hour prior to press time, bitcoin-specific liquidations reached $103.07 million, including $96.92 million in longs and $6.16 million in shorts. Ethereum followed with $35.15 million in liquidations, also mostly long positions between 9:30 a.m. and 10:30 a.m. ET on Tuesday.
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