Bitcoin was again weak on Thursdays, falling to $58,050, before rebounding from the vicinity of $59,000 to an increase above $61,000. With the re-emergence of the pressure, major encryption assets generally fall, and Solana drops to $64 and then try to stabilize.
Over $1.2 billion in 24-hour liquidation.
The fall quickly triggered the loss of leverage. The CoinGlass data show that the total value of the 24-hour encrypted derivatives market liquidation over the past 24-hour period was approximately $121 billion, involving 170,139 traders, of which the loss of multiple warehouses was about $911 million, or the majority.
In terms of sub-assets, Bitcoin accounts for the highest amount, at approximately $551 million; the Etherpo at approximately $290 million; the XRP at approximately $44.74 million; and Solana at approximately $40.3 million. The data reflect that, during successive price downswings, the leverage position is concentrated in a silo, further magnifying the disk fluctuations.
- Total amount liquidated: approximately $12.1 billion
- Multiple liquidations: approximately $911 million
- Dealers involved: 170,139
STRC down to historical lows.
The market is also concerned about the performance of Strategy-related securities. It is mentioned that Strategy ' s preferred share of STRC fell to $74, approximately 26 per cent below the nominal value of $100. The annualized dividends of the share were 11.5 per cent, and the corresponding annual dividends expenditure was approximately $1.2 billion, calculated at 1004.8 million.
According to the report, Strategy currently holds approximately $1.4 billion in reserves. Unlike debt, the related dividends are not mandatory, and the company can suspend the contribution without triggering liquidation. As a result, the fall in STRC is more a direct reflection of investors ' concerns about their continued capacity to distribute interest, their ability to follow up on financing and the acceptability of the capital market than a direct confirmation of the forced sale of the company ' s Bitcoin hold.
Market sentiment dropped to extreme fear.
In addition to prices and liquidations, market sentiment has also noticeably weakened. CoinMarketCap's index of encrypted fear and greed has dropped to 16, entering the “extreme fear” zone. According to the article, after a short stock-market-led rebound, new sales quickly depressed bitcoin and strained market confidence associated with Strategy.
Another market concern is that Rosen Law Firm has launched a survey of Strategy, covering its operations, the Bitcoin Treasury strategy, profitability and the risk statement associated with the radical growth model. It was reported that the survey, which covered a large number of securities related only to Strategy, including MSTR, STRF, STRC, STRK and STRD, had not yet constituted a finding of misconduct, but had further accentuated investor prudence in the context of increased market volatility.
Overall, the current market continues to absorb the pressures of falling prices, leveraging the uncertainties associated with Strategy. Although there was a short-line rebound, the financial mood has not been significantly repaired.