This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Bitcoin surged to a new all-time high before plummeting as traders locked in profits and large wallet movements triggered heavy selling. Nearly $500 million in long positions were liquidated in a single day, signaling a sharp market reversal. Altcoins like Ethereum and Solana also cooled off amid broader consolidation.
- Bitcoin's sharp reversal saw $500M liquidated, mostly long positions, after hitting a record $123,091.
- A dormant wallet moved $2B in BTC to exchanges, increasing sell pressure and contributing to the drop.
- Institutional ETF inflows hit $3.4B in July, but short-term outflows and profit-taking triggered consolidation.
📎 Related coverage from: crypto-news-flash.com