Bitcoin climbs back to $35,000 as buying positions hit a record liquidation wave

Bitcoin Drops Below $36k & Crypto’s Roller‑Coaster Ride

Last night, Bitcoin reluctantly gave up its peak at the spectacular $38,000 mark, sliding back down past the $36k threshold. Ethereum wasn’t far behind—its lofty stretch above $2,000 fizzled, slipping right back toward the $1,985 point.

Solana’s March to Redemption

Solana is still clawing its way back to former glory, nudging the $60 ceiling again around 7:30 am GMT.
Investors keep a hopeful eye on its climb, though the road is winding.

XRP’s Roller‑Coaster & the Fake‑News Frenzy

The trusty Ripple token XRP dived to its lowest level in ten days, orbiting around $0.6300, after a dramatic surge to $0.7471.
That spike was shorthand for a burst of optimism—people cashed out their gains and closed long positions in a whiff of panic.
Rumors about BlackRock’s supposed XRP ETF finally fell apart, proving that the infamous SEC isn’t earnestly leaning toward approving spot crypto ETFs—yet.

Liquidation Overnight—More Than $291M Gone

CoinGlass reports a staggering $291 million of long positions liquidated in a single day. Bitcoin alone dragged down $120 million of customers. Over 94% of the cryptocurrency’s total liquidations, or $119.5 million, were concentrated in Bitcoin.

Positive Flow When the Storm Passes

Last week, crypto products received a fresh $293 million of inflows.
Bitcoin stood out with $240 million in construction.
Ethereum accelerated back into positive territory for the second week running—$49 million in net inflows, wiping out last year’s outflow gloom.
Solana added an extra $12 million, pushing its year‑to‑date net flow to roughly $121 million.

Stablecoins Upgrade the Scene

Glassnode confirms stablecoins are now attracting money for the first time in 18 months. Analysts from CoinDesk suggest the money could fuel buying pressure—especially from margin trades that use stablecoins as the base.