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Sign InBitcoin price slid below the $77,000 level as a global bond market sell-off triggered a massive wave of liquidations. Leveraged crypto long positions suffered approximately $670 million in losses, accelerating the downward momentum. According to reports, the breach of key technical levels has intensified selling pressure across the digital asset ecosystem.
The downturn is closely linked to the U.S. 10-year Treasury yield hitting its highest level since February 2025, causing market expectations for a rate cut to collapse to just 2%. Per market data, this surge in yields has repositioned capital away from high-risk assets. The broader crypto market remains under pressure as investors recalibrate portfolios in response to the most restrictive monetary outlook in over a year.
Bitcoin remains volatile following the retreat from earlier highs, trading at depressed levels as of the close on May 12, 2026. Market participants are now focused on a scheduled speech by Fed official Goolsbee later today, May 12, 2026, for further clarity on interest rate trajectory. These upcoming comments will be critical in determining if the current sell-off in both bonds and crypto will stabilize.
Update: Market pessimism has intensified as analysts warn the current downturn could precede an imminent Bitcoin price crash, amid growing fears of a systemic financial crisis rivaling 2008. Observers suggest that breaching current support levels may transform the technical correction into a broad-based panic, threatening the stability of the entire digital asset ecosystem.
Update: Recent data indicates that the pressure on US Treasury yields is partly driven by Japanese investors offloading a net $29.6 billion in US government and agency debt during the first quarter. This represents the largest quarterly divestment by Japanese holders since Q2 2022, further fueling the yield surge that has weighed heavily on risk assets like Bitcoin BTC.
Update: BTC price has extended its decline toward new May lows, with technical indicators signaling a potential 'bull trap' at the $76.5K level. This development reinforces market caution as the asset remains vulnerable to the ongoing volatility in the bond market.
Update: Bitcoin has extended its decline to $76,000 as geopolitical tensions involving Iran introduced fresh volatility to the market. This shift in sentiment has raised concerns among analysts that the price floor could potentially drop toward the $65,000 level if political instability persists.
Update: Recent data indicates that the slump coincided with a mass exodus of capital from Bitcoin ETFs, signaling a temporary retreat in institutional confidence. Analysts also noted additional pressure from a sudden spike in oil prices, while SpaceX made a significant debut in the derivatives market via the Hyperliquid platform.
Update: Selling pressure expanded to include rising geopolitical concerns after the U.S. President warned Iran that 'the clock is ticking,' driving oil prices higher and triggering further liquidations across the crypto market. Analysts suggest this geopolitical shift may exert sustained pressure on risk assets alongside ongoing bond market volatility.
Update: Bitcoin ETF outflows have intensified the downward pressure, signaling a pullback in institutional appetite during the current correction. Investors are now pivoting to upcoming volatility catalysts, including the release of Federal Reserve minutes, U.S. jobs data, and the highly anticipated Nvidia earnings report.
Update: The downward momentum accelerated as the market witnessed a massive liquidation wave exceeding $657 million within 24 hours, primarily impacting long positions. This forced selling coincided with escalating geopolitical tensions involving Iran, further driving investors away from high-risk assets.
Update: The breach of the $77,000 level triggered a massive liquidation event, with nearly $600 million in positions wiped out within a single hour. Simultaneously, U.S. spot Bitcoin ETFs recorded significant capital outflows, signaling a shift in institutional sentiment as macro risks weigh on the market.
Update: Bitcoin's extended four-day losing streak has triggered a massive liquidation event, with $657 million wiped from the crypto market within 24 hours. Long positions accounted for the majority of these liquidations, highlighting increased pressure on leveraged traders as key support levels failed to hold.
Update: The market has experienced a massive deleveraging event, with approximately $661 million in liquidations triggered within a 24-hour period. Bitcoin is currently testing a specific technical support level at $76,700, a threshold that traders are watching closely to determine if the current downward momentum will stabilize or accelerate.
Update: Selling pressure intensified as long liquidations spiked alongside a notable weakening in Bitcoin ETF demand. These technical factors have pushed the cryptocurrency to multi-week lows, signaling a shift in market momentum from broader macro concerns to internal crypto-market mechanics.
Update: Bitcoin faced additional headwinds as geopolitical tensions escalated following Trump's threats against Iran, sparking market fears of further energy supply disruptions. These developments have intensified inflationary concerns, prompting investors to hedge against rising geopolitical instability.