
Liquidations hit $50 million in an hour as Bitcoin slid 3% to $58.5k
Ethereum and Solana echoed Bitcoin's movements, with both giving up the previous day's gains within the last few hours.
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The liquidity concentration issues got worse since the launch of spot Bitcoin ETFs in the US, adding risks of sharp weekend price swings.

The average price of short-term Bitcoin investors sits at $64,860, which could trigger capitulation if another sell-off happens.

BTC and ETH still have significant challenges in the short term, as they must conquer key supports in the daily chart.

According to market experts, traders expect a "bullish second half of the year" with options placing the price between $90,000 and $100,000.

Following Jump Crypto's sell-off, Metalpha and an unknown whale also offloaded roughly $73 million in Ethereum.

The flagship crypto has fallen more than 8% since the start of the weekend to $58,061 — the lowest price recorded in almost three weeks.



