KEYTAKEAWAYS
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Crypto market liquidations hit $1.7B in 24 hours, mainly from long positions, as Bitcoin briefly dropped below $112,000.
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Japan’s Metaplanet now holds 25,555 BTC worth $2.71B, becoming the fifth-largest public Bitcoin holder despite a stock decline.
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Gold hit a record $3,721 while Bitcoin slid, showing capital rotation toward safe-haven assets amid macro uncertainty.
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CRYPTO MARKET SEES $1.7 BILLION IN LIQUIDATIONS AMID VOLATILITY
In the past 24 hours, the crypto market has undergone sharp turbulence, with total liquidations reaching around $1.7 billion. Long positions were the primary victims, as Bitcoin briefly dipped below $112,000, triggering large-scale margin calls. Ethereum alone recorded roughly $480 million in liquidations, making it the hardest-hit asset. Major altcoins such as XRP and Solana also faced concentrated liquidations, underscoring how excessive leverage was quickly flushed out of the market.
Despite short-term pressure on sentiment, analysts argue that the liquidations mainly reflect a leverage reset rather than a reversal of the longer-term trend. If Bitcoin can reclaim key support levels, the market could regain upward momentum. However, elevated volatility in the near term will continue to test investor patience, while risks tied to high leverage have once again been amplified.
METAPLANET BECOMES THE FIFTH-LARGEST PUBLIC BITCOIN HOLDER
Japanese listed company Metaplanet has acquired 5,419 BTC for $632 million at an average purchase price of about $116,700 per coin. This brings its total holdings to 25,555 BTC worth around $2.71 billion, surpassing Bullish to become the world’s fifth-largest publicly traded Bitcoin holder. Metaplanet’s Bitcoin portfolio has delivered a 395.1% return this year, and the firm plans to use its recently raised $1.4 billion to further expand reserves.
Meanwhile, Capital B also acquired 551 BTC, raising its total to 2,800 BTC. Still, the acquisitions have not boosted their stock performance. Metaplanet’s shares fell 3% to 589 yen, while Capital B declined 1% to €1.14 in European trading, down 73% and 81% respectively from their all-time highs.
GOLD HITS NEW HIGH AS BITCOIN SLIDES, SIGNALING CAPITAL ROTATION
On Monday, Bitcoin fell 3% in 24 hours, briefly dipping to $112,000. In contrast, gold strengthened an hour later, climbing 1% to $3,721 and setting a fresh all-time high. Year-to-date, gold has risen 43%, while silver has surged over 50%, approaching its long-term peak near $44.
Analysts suggest this divergence indicates that some investors may be taking profits from Bitcoin and reallocating into safe-haven assets like precious metals. While Bitcoin and gold often move in tandem, their recent decoupling highlights shifting allocation preferences as investors navigate an uncertain macroeconomic environment.
