{"id":47962,"date":"2025-02-26T15:30:58","date_gmt":"2025-02-26T15:30:58","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=47962"},"modified":"2025-02-26T15:30:58","modified_gmt":"2025-02-26T15:30:58","slug":"panic-sell-bitcoins-86k-fall-wipes-out-1-billion-in-trades","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=47962","title":{"rendered":"Panic Sell? Bitcoin\u2019s $86K Fall Wipes Out $1 Billion In Trades"},"content":{"rendered":"

Bitcoin\u2019s price fell to $86,099 on February 26th, wiping out almost $1.06 billion from crypto\u2019s market cap and sending ripples across the industry. According to Coinglass<\/a> tracking, around 230,000 positions have been liquidated for the day.\u00a0<\/p>\n

As a sign of bearish sentiment, the digital asset\u2019s open interest has dipped to 5%, reflecting deleveraging among investors and holders. On-chain data also suggests that exchange inflows surged to 14.2%, potentially suggesting panic selling among holders. Furthermore, funding rates are now in negative territory, indicating investors\u2019 sentiments have shifted.\u00a0<\/p>\n

Massive Losses For Holders As BTC Tests $86K<\/strong><\/h2>\n

As the world\u2019s top digital asset, Bitcoin\u2019s adverse price action<\/a> caused plenty of ripples in the industry. With its price testing below $90k, thousands of positions were liquidated, and strong withdrawals from spot Bitcoin ETF funds were recorded. According to multiple reports, the five-day outflow for ETFs amounted to $1.1 billion, with $516 million lost on February 24th.<\/p>\n

In a Twitter\/X post, InTheBlock<\/a> noted that around 12% of all BTC addresses are in the red. The post added that it\u2019s now the highest unrealized loss percentage for Bitcoin since October 2024.<\/p>\n

With Bitcoin briefly dropping below $90k, roughly 12% of all Bitcoin addresses are holding at a loss.<\/p>\n

This is the highest unrealized loss percentage since October 2024 pic.twitter.com\/pngLz4G4wc<\/a><\/p>\n

\u2014 IntoTheBlock (@intotheblock) February 25, 2025<\/a><\/p>\n

<\/h2>\n

Crypto-Related Stocks Fall<\/strong><\/h2>\n

Aside from individual holders, crypto-related stocks suffered from Bitcoin\u2019s recent drop. Michael Saylor\u2019s Strategy<\/a> is one of the biggest victims, with its stock price dropping 11% in the past 24 hours. The company\u2019s stock has been declining since its peak in November and has now fallen 55% from its high.\u00a0<\/p>\n

Strategy boasts a portfolio worth over $43 billion, including 499,096 Bitcoin. With Bitcoin\u2019s price falling, many crypto observers speculate where Strategy will sell some of its assets. However, some experts have shot down this idea, saying it\u2019s doubtful that a company will fully commit to crypto.<\/p>\n

Other crypto-related stocks also tumbled, with Robinhood (HOOD) dipping by 8%, Coinbase (COIN) suffering a 6.4% decline, and Marathon Digital (MARA) and Bitcoin miners Bitdeer (BTDR) dropping 9% and 29% respectively.<\/p>\n

Traditional Stocks Also Suffered<\/strong><\/p>\n

Bitcoin\u2019s underperformance was also felt in the broader market, with declines in the traditional financial markets. The Nasdaq Composite dropped by 2.8%, and the S&P 500 surrendered 2.1% of its market cap. Observers also noted the sudden strength of the US Dollar Index, suggesting that many investors are looking for \u201csafety havens\u201d for their investments.<\/p>\n

On-chain data also indicates a recent surge in crypto whale activities. Bitcoin whales have sold over $1.2 billion worth of digital assets.\u00a0<\/p>\n

According to analysts, Bitcoin\u2019s decline is caused by macroeconomic conditions. The market is still reeling from US President Donald Trump\u2019s tariff announcement<\/a>, and geopolitical tensions between China and the United States are pushing some investors to rethink their long-term plans.<\/p>\n

Featured image from Gemini Imagen, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price fell to $86,099 on February 26th, wiping out almost $1.06 billion from crypto\u2019s market cap and sending ripples across the industry. According to Coinglass tracking, around 230,000 positions have been liquidated for the day.\u00a0 As a sign of bearish sentiment, the digital asset\u2019s open interest has dipped to 5%, reflecting deleveraging among investors […]<\/p>\n","protected":false},"author":0,"featured_media":47963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47962"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47962"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/47963"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}