Bitcoin (BTC), which is a cryptocurrency, was uncertain on Tuesday as US stock markets responded to the earlier Asia-tech sell-off.
Important points
- Bitcoin bulls are trying to keep the price from dropping below current lows, despite volatility in risk assets.
- Micron’s earnings are due Wednesday.
- The rolling crypto liquidations surpass $1 billion in 24 hours.
BTC Price on the Rise amid Stocks Volatility
TradingView data showed BTC prices moving indecisively on lower timeframes, with $62,500 as the current focus.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
Asia’s market has suffered two drops below the $62,000 mark On the day of publication, equities suffered major losses. The US reaction was less intense, with the S&P 500 and Nasdaq Composite Index down 1% and 1.3%, respectively, at the time of writing.
S&P 500 one-hour chart. Source: Cointelegraph/TradingView
Trading resource The Kobeissi Letter, which discusses the current market landscape, added the expected volatility of Micron Technologies Q3 guidance, due to be released on Wednesday, when discussing the current environment.
“Speculation over Micron’s earnings is a key factor driving this volatility,” You can also find out more about us here. wrote Posting on X.
“The stock is now worth over $1.2 trillion and driving a broader momentum-based rally that is largely dependent on sentiment around Micron’s stock.”
Micron Technologies’s stock price chart for today. Source: Cointelegraph/TradingView
Kobeissi attributes the Korean market’s drop to unrealized gains and an increase in leverage by traders.
“The result is amplified volatility in both directions, which also explains why the S&P 500 is already up +60 points from its opening low,” Additions
“When you zoom out, the broader AI narrative has only strengthened and market volatility is completely normal after the run we just saw.”
One-day VIX volatility chart. Source: Cointelegraph/TradingView
Bitcoin drives major cryptocurrency liquidation surge
BTC’s price was still in a tight range but it surfed nearby patches of liquidity. Both long and short positions paid off.
Related: US dollar strength hits highest since May 2025: Five things to know in Bitcoin this week
The Data of CoinGlass The 24-hour cryptocurrency liquidations are worth nearly $700,000,000.
“$65K did indeed not end up holding which quickly moved this down to grab the liquidity below $62K,” trader Daan Crypto Trades commented While analyzing numbers.
Source: CoinGlass (screenshot). Source: CoinGlass
CryptoReviewing describes the liquid imbalance between long-term and short term as “ridiculous,” On Tuesday, it was noted that the total for 24 hours had reached $1 billion.
“Bulls might enjoy what happens next,” It is forecasted alongside a video update.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
