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Bitcoin Price Slides to Two-Week Low as Liquidations Top $300 Million and Macro Pressure Builds
Bitcoin price fell near $66,000 on Friday, hitting its lowest level in more than two weeks as a wave of long liquidations hit the market.
Bitcoin price fell below $66,500 on Friday, hitting its lowest level in more than two weeks as a wave of long liquidations and mounting macroeconomic stress weighed on the crypto market..
Data shows nearly $300 million in long positions were liquidated over the past 24 hours, according to Bitcoin Magazine Pro data, compared with roughly $50 million in short liquidations, pointing to an unwind of crowded bullish positioning in crypto futures. The imbalance reflects a market that had leaned heavily long and is now adjusting as sentiment shifts.
The bitcoin price selloff coincided with a broader risk-off move across global markets. Nasdaq 100 futures have fallen about 10% from their January highs, while oil prices climbed near $100 per barrel amid escalating geopolitical tensions tied to the ongoing conflict involving Iran.
Earlier today, Israel said it will escalate strikes on Iran after renewed waves of Iranian missile attacks, while both sides continue exchanging fire despite ongoing diplomatic efforts.
President Trump has paused U.S. strikes on Iranian energy infrastructure for 10 more days to allow negotiations, even as reports suggest the Pentagon is considering deploying up to 10,000 additional troops to the Middle East.
Meanwhile, the conflict is widening regionally, with shipping disruptions reported in the Strait of Hormuz, Gulf states on alert after strikes, and Iranian casualties reportedly nearing 2,000 as international talks continue in Europe.
The surge in crude has renewed inflation concerns and pressured risk assets, including cryptocurrencies.
Key Details About $SIGN on Binance Purpose: Powers the Sign Protocol, incentivizing developers and enabling on-chain attestation.Listing Status: Listed on Binance with a Seed Tag for trading against USDT, USDC, BNB, FDUSD, and TRY.Total Supply: Capped at 10 billion SIGN.How to Buy:Directly: Trade on the Binance spot market.Alternative: Use Binance Web3 Wallet to swap for SIGN if not directly available on CEX in certain regions. Key Features of Sign Protocol Attestation: Enables secure, on-chain credential verification across multiple blockchains.Applications: Includes tools for digital agreements (EthSign) and identity registration (SignPass).Partnerships: Backed by investors such as Sequoia Capital, Hashkey Capital, and Animoca Brands. @SignOfficial (https://www.binance.com/en/square/profile/signofficial) $SIGN #SignDigitalSovereignInfra
Sign ($SIGN ) is the native utility token of the Sign Protocol, an omni-chain framework for decentralized attestation and verification. It is available for trading on Binance against pairs like USDT, BNB, and FDUSD. Users can also acquire it through HODLer Airdrops or by swapping via the Binance Web3 Wallet.