Europe Asia News

Industry data showed that around 170,000 leveraged traders were wiped out during the sell-off, with more than $730 million in liquidations recorded over the past 24 hours. Bitwise CIO Matt Hougan said Bitcoin has been in a bear market for months, arguing that strong institutional adoption and greater regulatory clarity lulled investors into complacency.

Meanwhile, global crypto funds recorded net outflows of $1.7 billion last week, led by U.S.-listed products, while assets under management have fallen by $73 billion since their peak in October 2025. In other developments, investor Michael Burry warned that Bitcoin’s roughly 40% decline could deepen and cause lasting damage to companies that accumulated large amounts of assets last year.