Bitcoin slid ~3% amid a broader 5.86% crypto market drawdown as U.S. Senate procedural failure on the CLARITY Act increased regulatory uncertainty and macro conditions tightened with 10Y yields briefly above 5% and elevated Fed hike expectations. Risk-off positioning and leverage were key accelerants: BTC derivatives liquidations hit ~$224.81M (mostly longs) while open interest rose, signaling deleveraging pressure and fragile near-term risk appetite.
AI Insight · BTC/USDTAI Insight
▼ Bearish
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Bitcoin fell 3.00% to USD 75,638 as Senate procedure risk and broad deleveraging hit crypto; BTC derivatives liquidations reached USD 224.81 million.