Six weeks of compression ended in the largest short liquidation since at least 2021, with $3 billion of bearish bets forced to buy back into thin supply.

  • Bitcoin rose toward $72,000 after breaking out of the $62,000-$66,900 range that had held it since July 8. Volatility had ground down to multiyear lows during that stretch, leaving a dense band of short liquidation levels between $65,000 and $67,000.
  • Short liquidations totaled $3 billion over 24 hours, compared with $263.5 million on the long side, with more than $1 billion clearing in a single hour.
  • The U.S. Treasury said it would at least double buybacks of long-dated bonds, pulling the 30-year yield back from 5.337%. Hours later, Trump urged Congress to pass the Clarity Act, floated the idea of sizable U.S. bitcoin purchases and revealed regulators are exploring a compliant route for Hyperliquid.

Newsletters

  1. 1 Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions 7 hours ago
  2. 2 Crypto job postings triple to over 1,200 in September, but applications fall 7 hours ago
  3. 3 Cathie Wood says smart investors need to start watching where AI agents spend money 8 hours ago
  4. 4 Crypto's Sisyphean struggle 10 hours ago
  5. 5 BlackRock offers a glimpse of how tokenization may change your investment portfolio 10 hours ago
  6. 6 Bank group sues U.S. regulator over granting crypto trust charters 1 day ago
  7. 7 BNY in talks with Kraken parent Payward over infrastructure partnership 1 day ago
  8. 8 Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98% 1 day ago
  9. 9 Trump’s potential AI czar, Jay Clayton, helped pioneer the SEC’s crypto crackdown 1 day ago
  10. 10 America at a crossroads: Commissioner Peirce’s parting challenge 1 day ago

The Definitive Stablecoin Landscape Series: Asia Pacific

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Cathie Wood says smart investors need to start watching where AI agents spend money

U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%

Crypto traders are in risk-on mode as bitcoin dominance nears return to 60%

Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions

Crypto job postings triple to over 1,200 in September, but applications fall

Cathie Wood says smart investors need to start watching where AI agents spend money

Original sourceCoinDesk

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Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.

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