Overview
- Bitcoin traded around $89,000–$90,000 after a swift drop to near $88,000 set a new 2026 low and briefly undercut key support.
- President Donald Trump withdrew planned tariffs on EU countries linked to Greenland, prompting a quick bounce in crypto and stocks as gold eased.
- Reported 24‑hour liquidations varied widely from roughly $600 million to $1.08 billion, with a whipsaw wiping out both longs and shorts and a single hour topping $150 million.
- Rising U.S. and Japan bond yields tightened liquidity as traders watched a planned $3.8 billion Federal Reserve injection and flagged inflation risks that could curb rate‑cut hopes.
- On‑chain data show “new whales” now control the largest share of realized cap at an average near $98,000, implying about $6 billion in unrealized losses, while a 12‑year dormant wallet moved 909 BTC without signs of exchange selling.