Long Liquidations

Bitcoin came under pressure after Binance confirmed a $6.3 billion hack, with BTC closing the session down 4.1% and slipping below a key accumulation zone. Traders are watching whether whales, United States investors and ETF flows can defend the $75,000 area or allow a deeper move toward $72,000 to $65,000.

XRP fell after news of a major Binance security incident triggered a broad risk-off move across crypto markets. Technical traders are watching whether XRP can reclaim the $1.26 area or face renewed pressure toward $1.20 and potentially $1.12.

Ethereum is retesting its 200-day exponential moving average after a sharp correction from $2,800, leaving traders focused on whether support can hold. ETF outflows, heavy long liquidations, and weakening on-chain signals are adding pressure ahead of a potentially volatile FOMC week.

Solana’s sharp retreat from the $121 resistance has put the $100 area back in focus for technical traders. ETF outflows, weaker DEX volumes and heavy long liquidations suggest the market may need lower liquidity before a stronger rebound attempt.

Solana’s sharp retreat after failing to clear $121 has put the $100 area back in focus for technical traders. Falling decentralized exchange activity and negative ETF flows have added pressure, even as some buyers stepped in near $106.

Bitcoin traders with leveraged bullish futures positions are focused on the $57,000 area, where a move lower could force a wave of long liquidations. Thin liquidity, heavy open interest and a fragile bear-market structure are keeping downside risk alive, even as BTC holds near $64,000 and chart watchers monitor a possible bullish reversal pattern.

NEAR is trading near $1.72 after sliding more than 45% from its June highs, with a key liquidation cluster sitting just below the market. A move toward $1.62 could pressure leveraged longs, while a confirmed falling wedge breakout may shift momentum back toward buyers.