Data: 265.11 BTC transferred out from Cumberland DRW, worth approximately 6.47 million USD

Bitcoin Crashes Over $10K in a Day as Derivatives Trigger Massive Liquidations

Bitcoin’s plunge reflects liquidation-driven trading, where derivatives overpower spot demand and transform price action into a cascade of forced exits. Synthetic Bitcoin supply from ETFs, futures, and swaps now dictates short-term valuation more than on-chain scarcity or retail

Data: If BTC breaks through $70,154, the total liquidation strength of mainstream CEX short positions will reach $1.637 billion.

ChainCatcher reports that, according to Coinglass data, if BTC breaks through $70,154, the total liquidation strength of long positions on major CEXs will reach $1.637 billion. Conversely, if BTC drops below $63,568, the total liquidation strength of short positions on major CEXs will reach $968 million.

BTC Breaks Through 67,000 USDT

Gate News bot message, Gate market display, BTC breaks through 67,000 USDT, current price 67,069.4 USDT.

Top Presale Cryptos to Watch in 2026: ZKP, Bitcoin Hyper, LivLive, and DeepSnitch AI Lead the Way

In 2026, experienced capital is no longer chasing short-lived hype or recycled meme ideas. Instead, attention is moving toward a clearer standard: utility-first launches built to solve real problems from day one. The current market is shaped by projects addressing long-standing issues, from slow