• Bitcoin trades near $63,000, hovering above liquidation threshold. • Break below $60,000 could trigger mass liquidations. • Other major coins like BCH, APT, ATOM, SUI fall 5‑8%. • DeFi TVL holds better than token prices, hinting at stablecoin rotation. • Market sentiment remains risk‑off amid broader economic uncertainty.

Article Summaries:

  • Bitcoin fell 4.7% in the last 24 hours to about $63,100, approaching a critical $60,000 liquidation threshold that could trigger further sell‑offs toward the 2021 support level of $52,500. Altcoins also weakened, with Bitcoin Cash dropping 11.5% and several DeFi tokens falling 5-8%. Despite the price slide, total value locked in DeFi remains relatively stable, suggesting a rotation into stablecoins. Technical indicators show an oversold RSI and rising implied volatility, while futures data reveal a shift toward short positions and a drop in leveraged exposure. Overall, the market is experiencing a “slow bleed” amid broader risk‑off sentiment.

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