Bitcoin and Ethereum Hit Multi-Week Lows Amid Mass Liquidations

Key Takeaways

• Over $1.7 billion in leveraged positions were liquidated in 24 hours, with Ethereum and Bitcoin leading losses.
• Bitcoin fell to $111,980 before rebounding to $112,500, while Ethereum tested $4,100, with Gold hitting a fresh all-time high at $3,725.
• BNB retreated after hitting a record high, XRP dropped below $2.70, while altcoins like DOGE, ADA, and LINK saw double-digit losses, as the global crypto market cap slid below $4 trillion.
• Trump’s proposed $100,000 H-1B visa fee threatens India’s $280 billion outsourcing industry, adding macro uncertainty.
• Treasury accumulations for BTC and ETH continued with BitMine Immersion adding 264,378 ETH, now holding 2.4 million ETH (2% of supply), and Metaplanet adding 5,419 BTC, boosting holdings to 25,555 BTC.