Major cryptocurrencies saw a decline late Sunday as renewed confrontations between the U.S. and Iran threatened to disrupt a fragile ceasefire.
Crypto Market In Deep Slumber
Bitcoin attempted to break past the $60,000 mark, only to face intense selling pressure that pushed its price back below $59,000. Dogecoin experienced downward movement.
More than $180 million in cryptocurrency positions were liquidated over the last day, with the vast majority coming from long positions.
Bitcoin’s open interest dipped by 0.69% during the same period. While sentiment among “smart money” remained extremely bearish, traders on Binance—including both retail participants and large-scale holders—increased their long exposure.
“Extreme Fear” sentiment continued to dominate the market.
Stocks Rally On Hopes Of De-escalation
<a stand down for now and let vessels move freely in the critical oil shipping point."
‘Pretty Interesting Signal’
Prominent cryptocurrency analyst Michaël van de Poppe offered his perspective on how Bitcoin might perform if it manages to reclaim the $61,000 level.
“It would strengthen the thesis of the bullish divergence, and the markets can target the $65,000 resistance [and old support of the range] as the next target zone,” the analyst said. “The fact that the markets aren’t falling deeper with all the panic and fear combined is actually a pretty interesting signal.”
