Key Takeaways:
Bitcoin fell below $61,000 on Tuesday as escalating Middle East tensions sparked a 2.9% daily price drop.The crypto market retreat triggered $467.5 million in total crypto liquidations, devastating long derivatives bets.Glassnode data shows a grim outlook with 8 million bitcoin now underwater, reversing recent profit trends.This sharp influx of unrealized losses marks a stark pivot from the cycle’s peak, a period defined by overwhelming investor profitability when nearly half of the entire circulating supply sat comfortably in the green.
