Over the past 24 hours, the crypto market saw over $515 million in liquidations, including $187 million in Bitcoin positions. Large liquidations often act as a reset, clearing excessive leverage and reducing short-term instability.

At the same time, funding rates turned negative, meaning many traders were positioned short. This created conditions for a short squeeze as price moved higher. $BTC is trading back above $66.4K, with early signs of capital rotating into $ETH and $XRP , while Bitcoin dominance remains elevated around 58%.

From a broader structure perspective, the total crypto market cap around $2.27T is an important support level. If it holds, the next area of interest sits between $2.4T–$2.47T.

#Bitcoin #XRP #Crypto #MarketUpdate #TradingSignals

BTC
BTCUSDT
74,862.6
+1.61%
ETH
ETHUSDT
2,351.81
+1.64%
XRP
XRPUSDT
1.4088
+4.26%