🚨 Binance Square: Today’s Crypto Market Crash – June 12, 2025
🔻 Price Action at Binance
BTC dropped below $108,000, currently trading around $107,762, reflecting nearly a 1.6% decline
ETH fell to about $2,749, down over 1.1% on the day.
📉 What’s Behind the Drop?
1. Technical Pullback & Consolidation
A classic technical cooldown after a rally. BTC hit a high near $110,392 before dipping to the current low near $108k—a typical retracement during range-bound conditions.
2. Reduced Trading Volume
24‑hour trading volume dropped ~8%, indicating shrinking momentum and signaling a temporary consolidation rather than sustained panic.
3. Liquidations in Focus
Binance data shows BTC dipping below key $108k support, which triggered liquidations of long positions—adding further downward pressure.
4. Pause in Whale/Institutional Activity
Whale accumulation slowed just shy of all-time highs. Bitcoin’s market cap still stands at a robust ~$2.15 trillion, but whales are showing restraint.