Bitcoin is consolidating above $60,000 for the seventh consecutive day, even as geopolitical uncertainty rises. According to data from Coinglass, cumulative long liquidation leverage has climbed to $3.94 billion, surpassing the $3.17 billion in short positions. The largest liquidation cluster sits near $60,721, where roughly $1.98 billion worth of leveraged long positions are at risk of liquidation. Meanwhile, the largest short liquidation cluster is around $64,000, where approximately $1.69 billion in bearish positions could face forced buybacks. In prediction markets, despite Strategy's roughly $216 million BTC sale this week and tensions between the US and Iran, investors are not tilting toward a full-scale sell-off and continue to hedge against downside risk.
MicroStrategy IncorporatedStrategy sold roughly $216 million worth of BTC this week, a capital event that pressures the stock.