Data: 54.2 BTC transferred out from Cumberland DRW, worth approximately $2.76 million

Bitcoin Crashes Over $10K in a Day as Derivatives Trigger Massive Liquidations

Bitcoin’s plunge reflects liquidation-driven trading, where derivatives overpower spot demand and transform price action into a cascade of forced exits. Synthetic Bitcoin supply from ETFs, futures, and swaps now dictates short-term valuation more than on-chain scarcity or retail

Data: If BTC breaks through $72,308, the total liquidation strength of mainstream CEX short positions will reach $1.117 billion.

ChainCatcher reports that, according to Coinglass data, if BTC breaks through $72,308, the total liquidation strength of long positions on major CEXs will reach $1.117 billion. Conversely, if BTC drops below $65,532, the total liquidation strength of short positions on major CEXs will reach $753 million.

Bitcoin Hashrate Drops 20% as Mining Profitability Collapses

Gate News bot message, Bitcoin's hashrate has dropped approximately 20% as mining profitability collapsed. Crashing BTC prices and Winter Storm Fern across 34 U.S. states triggered the largest difficulty adjustment since China's 2021 ban. Many miners shifted operations during this period.

Altcoin Season Signals Appear, but Risk of Reversal Remains

_Altcoins show short-term recovery signals as Bitcoin dominance forms a lower high this cycle now._ _Oversupply of tokens and fragmented liquidity weaken clean rotation from Bitcoin into altcoins._ _Analysts warn a brief mini-altseason may fade as Bitcoin dominance prepares for a