Bearish Sentiment

Bitcoin’s slide below $60,000 helped trigger nearly $1 billion in crypto futures liquidations over 24 hours, sparking a violent two-way move. Solana also remained under pressure after a steep selloff, even as volatility eased and prices attempted a modest rebound.

Bitcoin is still fighting to stay above $60,000 as derivatives signals lean increasingly bearish. Rising short positioning, negative funding, and wider put demand suggest traders are bracing for more downside.

Crypto selling intensified as derivatives data pointed to growing bearish conviction across the top coins. Yet oversold momentum and resilient privacy tokens suggest a rebound may not be far away.

Bitcoin options traders are aggressively buying short-dated put contracts, signaling growing concern that the selloff could extend further. The bearish positioning points to downside targets near $52,000 as macro pressure builds.