According to @lookonchain, a significant crypto market downturn resulted in over $1.15 billion in liquidations, heavily impacting bullish traders. One trader on the HyperLiquid exchange, known as AguilaTrades, saw a $10 million unrealized profit on a Bitcoin (BTC) long position turn into a $2.5 million loss as BTC's price fell from a high of $108,800 to around $104,000. This event was part of a broader sell-off where over 247,000 traders were liquidated, with long positions accounting for over $1 billion in losses, as per Coinglass data. The largest single liquidation was a $200 million BTC long position on Binance. The market volatility also saw Ether (ETH) drop 8% to $2,530 and other altcoins like Solana (SOL) and Dogecoin (DOGE) slide over 8%. The report highlights the risks of leveraged trading in a range-bound market, as Bitcoin has been oscillating between $100,000 support and $110,000 resistance.

According to @KookCapitalLLC, a trader on the decentralized exchange HyperLiquid experienced a significant loss, turning a $10 million unrealized profit into a $2.5 million loss on a leveraged Bitcoin (BTC) long position. This occurred as BTC's price fell 4% from a high of $108,800 to around $104,000, highlighting the risks of high leverage in a range-bound market. The source notes that Bitcoin has been trading between $100,000 support and $110,000 resistance since May 9, and a simple range trading strategy would have been more profitable. To generate alpha in volatile markets, the source recommends a disciplined approach including dollar-cost averaging (DCA) into a portfolio of assets, creating a clear trading plan for specific price levels, and investing with the trend by analyzing adoption curves, monthly data, and technological progress. The analysis also highlights the investment case for digital assets, citing their superior risk-reward ratio, the transparency of public blockchains, and the growth of DeFi infrastructure.

According to @EmberCN, a recent market downturn has resulted in significant losses for leveraged traders. A trader on the decentralized exchange HyperLiquid, known as AguilaTrades, saw a $10 million unrealized profit on a Bitcoin (BTC) long position turn into a $2.5 million loss after BTC fell 4% from its high. This incident highlights the risks of trading in the current range-bound market, where BTC has fluctuated between $100,000 support and $110,000 resistance since May. This volatility contributed to a wider market event where over $1.15 billion in leveraged long positions were liquidated in a 24-hour period, affecting more than 247,000 traders. The largest single liquidation was a $200 million BTC long position on Binance. The sell-off saw BTC drop over 3% to trade at $104,700, while Ether (ETH) fell 8% to $2,530. Exchanges Binance and Bybit saw the majority of these liquidations, accounting for over $834 million.

According to @lookonchain, a trader on the decentralized derivatives exchange HyperLiquid, known as AguilaTrades, experienced a significant reversal, turning a $10 million unrealized profit on a Bitcoin (BTC) long position into a $2.5 million loss. The loss occurred after BTC's price fell 4% from a high of $108,800 to around $104,000. The source highlights that this is not an isolated incident for the trader, who reportedly lost $12.5 million on a similar BTC long trade last week after being up $5.8 million. This event underscores the risks of using high leverage in the current market, where Bitcoin has been trading in a tight range between approximately $100,000 support and $110,000 resistance since early May, frequently trapping leveraged traders.

According to @lookonchain, a trader on the decentralized derivatives exchange HyperLiquid, known as AguilaTrades, experienced a significant reversal, turning a $10 million unrealized profit on a Bitcoin (BTC) long position into a $2.5 million realized loss. The loss occurred after BTC's price fell 4% from a high of $108,800 to around $104,000. The source notes this is a recurring issue for the trader, who previously converted a $5.8 million profit into a $12.5 million loss. This event highlights the risks of using high leverage in the current market, where Bitcoin has been range-bound between approximately $100,000 support and $110,000 resistance since May 9, repeatedly catching out directional traders.

According to @lookonchain, a trader on the decentralized derivatives exchange HyperLiquid, known as AguilaTrades, experienced a dramatic reversal, turning a $10 million unrealized profit into a $2.5 million loss. The loss occurred after the trader entered a leveraged long position on Bitcoin (BTC) at $106,000, only for BTC to fall 4% from a high of $108,800 to around $104,000. Current market data shows BTC trading at approximately $105,592. This incident highlights the risks of using leverage in a range-bound market, as Bitcoin has been oscillating between $100,000 support and $110,000 resistance since May 9. The source notes this is not the trader's first significant loss, citing a previous event where a $5.8 million profit turned into a $12.5 million loss, underscoring the dangers of high-leverage strategies during periods of low but sharp volatility.

According to @AltcoinGordon, Bitcoin (BTC) is experiencing a period of low volatility, creating a challenging 'summer lull' for short-term traders despite the asset reaching new all-time highs. Citing analysis from NYDIG Research, the report suggests this decline in volatility makes options strategies, such as calls and puts, 'relatively inexpensive.' This presents a cost-effective opportunity for traders to position for directional moves ahead of potential market-moving catalysts in July. The risks of this range-bound market are highlighted by the case of a trader on HyperLiquid who turned a $10 million unrealized profit into a $2.5 million loss after BTC fell from a high of $108,800. Current market data shows BTC trading around $105,678, reflecting this price chop. NYDIG Research attributes the market calmness to increased demand from corporate treasuries and the rise of sophisticated trading strategies.

According to @lookonchain, the cryptocurrency market experienced a severe downturn, leading to over $1.15 billion in liquidations, with long traders bearing the brunt of over $1 billion in losses. The data, sourced from Coinglass, indicates that over 247,000 traders were liquidated in a 24-hour period, highlighted by a single $200 million Bitcoin (BTC) long position being wiped out on Binance. In a specific case on the decentralized exchange HyperLiquid, a trader known as AguilaTrades saw a $10 million unrealized profit on a BTC long position turn into a $2.5 million loss as Bitcoin's price fell. This follows a previous instance where the same trader lost $12.5 million on a similar trade. The market volatility saw BTC drop over 3% to trade around $105,491, while Ethereum (ETH) fell approximately 8% to about $2,412. The source notes that since May, BTC has been trading in a tight range between $100,000 support and $110,000 resistance, suggesting that a range-trading strategy would have been more profitable than continually betting on an upside breakout with leverage.

According to @ai_9684xtpa, a trader on the decentralized derivatives exchange HyperLiquid, known as AguilaTrades, experienced a significant reversal, turning a $10 million unrealized profit on a Bitcoin (BTC) long position into a $2.5 million loss. The trader entered the position at $106,000 and held as BTC reached a high of $108,800, before the price fell approximately 4% to around $104,000. This incident highlights the risks for leveraged traders in the current market, where Bitcoin has been trading in a tight range between $100,000 support and $110,000 resistance since May 9. The source notes this is not an isolated event for the trader, citing a Lookonchain report that last week they turned a $5.8 million profit into a $12.5 million loss on another BTC long. A simpler strategy of buying at support and selling at resistance would have reportedly been more profitable in this range-bound environment.

According to @OnchainDataNerd, the USELESS memecoin has surged to a valuation near $90 million by capitalizing on its ironic 'useless' branding. A key supporter, Unipcs, reportedly argues that USELESS is significantly undervalued compared to other memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB), viewing its absurdity as a strength that attracts attention. In parallel, the report highlights extreme volatility in derivatives trading, where a trader on HyperLiquid known as AguilaTrades turned a $10 million unrealized profit into a $2.5 million loss on a leveraged Bitcoin (BTC) long position. This loss occurred as BTC continues to trade in a tight range, which the source identifies as being between approximately $100,000 and $110,000, making highly leveraged plays exceptionally risky.

According to @EmberCN, a trader on the decentralized exchange HyperLiquid, known as AguilaTrades, experienced a dramatic reversal, turning a $10 million unrealized profit into a $2.5 million loss on a leveraged Bitcoin (BTC) long position. This occurred as BTC's price fell from a high of $108,800 to around $104,000. This specific trader had a similar loss the previous week, turning a $5.8 million profit into a $12.5 million loss, as reported by Lookonchain. This individual loss was part of a massive market-wide deleveraging event where over $1.15 billion in leveraged positions were liquidated in 24 hours, with long traders accounting for over $1 billion of the losses, according to data from Coinglass. The largest single event was a $200 million BTC long position liquidated on Binance. The sell-off saw BTC drop over 3% to $104,700 and Ether (ETH) sink 8% to $2,530, highlighting the risks of leveraged trading in a range-bound market that has persisted since May.

According to @lookonchain, a sharp downturn in the crypto market triggered over $1.15 billion in liquidations, predominantly affecting bullish leveraged positions. The market volatility led to one of the largest single liquidations of the year, a $200 million Bitcoin (BTC) long position on Binance, as cited in the report. In a specific case on the decentralized exchange HyperLiquid, a trader known as AguilaTrades experienced a dramatic reversal, turning a $10 million unrealized profit into a $2.5 million loss when their BTC long position was caught in the downturn. This event occurred as Bitcoin fell 4% from its recent high to around $104,000. Data from Coinglass showed that over 247,000 traders were liquidated in a 24-hour period, with Ether (ETH) also sinking 8% to $2,530, underscoring the high risks of leveraged trading in the current range-bound market.

According to @lookonchain, a trader on the decentralized derivatives exchange HyperLiquid, known as AguilaTrades, experienced a significant reversal, turning a $10 million unrealized profit into a $2.5 million loss. This occurred after the trader entered a leveraged Bitcoin (BTC) long position at $106,000 and held it as the price fell from a high of $108,800 to around $104,000. The source highlights that this is not an isolated incident for the trader, who previously saw a $5.8 million gain turn into a $12.5 million loss on another BTC long. This event underscores the risks of using high leverage in a range-bound market, where Bitcoin has been oscillating between approximately $100,000 support and $110,000 resistance since early May.

According to @lookonchain, a trader on the decentralized derivatives exchange HyperLiquid, known as AguilaTrades, turned a $10 million unrealized profit into a $2.5 million loss on a leveraged Bitcoin (BTC) long position. The trader was caught as Bitcoin's price dropped 4% from a high of $108,800 to around $104,000, as cited in the report. This event highlights the significant risks of using leverage in a market that has been range-bound between the $100,000 support level and $110,000 resistance since May 9. The source also reports this is not the first major loss for the trader, who previously saw a $5.8 million unrealized gain turn into a $12.5 million loss on another BTC long. This incident serves as a cautionary tale on the perils of high-leverage trading in choppy, range-bound conditions.

According to @52kskew, a significant crypto market downturn resulted in over $1.15 billion in liquidations, wiping out leveraged bull positions across major exchanges. The source highlights a trader on HyperLiquid, known as AguilaTrades, who turned a $10 million unrealized profit into a $2.5 million loss on a Bitcoin (BTC) long position as the price fell from Monday's high of $108,800 to around $104,000. This follows a previous incident where the same trader lost $12.5 million after being up $5.8 million, as reported by Lookonchain. Coinglass data reveals over 247,000 traders were liquidated in a 24-hour period, with the single largest liquidation being a $200 million BTC long position on Binance. The sell-off also impacted altcoins, with Ether (ETH) dropping 8% to $2,530, and both Solana (SOL) and Dogecoin (DOGE) falling over 8%. The analysis suggests that with BTC trading in a range between $100,000 support and $110,000 resistance since May, a simple range-trading strategy would have been more effective than holding leveraged long positions.

According to @EmberCN, the cryptocurrency market experienced a severe downturn, leading to over $1.15 billion in liquidations across major exchanges, impacting over 247,000 traders in a 24-hour period as cited by Coinglass. The majority of these losses, over $1 billion, were from long positions, indicating overly optimistic leveraged betting. One of the most significant events was a single $200 million Bitcoin (BTC) long position liquidation on Binance. Separately, a trader on HyperLiquid known as AguilaTrades saw an unrealized profit of $10 million turn into a $2.5 million loss after entering a BTC long position as the price fell from a high of $108,800 to around $104,000. This follows a previous pattern where the same trader lost $12.5 million on a BTC long, according to Lookonchain. The market drop also affected major altcoins, with Ether (ETH) sinking 8% to $2,530, and both Solana (SOL) and XRP (XRP) experiencing significant slides. The events highlight the extreme risks of high-leverage trading in a market that has been range-bound for Bitcoin between approximately $100,000 and $110,000 since May.

According to @ai_9684xtpa, a trader on the decentralized exchange HyperLiquid, known as AguilaTrades, turned a $10 million unrealized profit into a $2.5 million loss on a leveraged Bitcoin (BTC) long position. This occurred as BTC's price fell 4% from a high of $108,800, highlighting the risks of leveraged trading in a range-bound market, as the source notes BTC has been fluctuating between $100,000 support and $110,000 resistance since May. Looking ahead, a significant quarterly options expiry approaches with a reported 'max pain' price of $102,000 for BTC. The source identifies the $105,000 level as a pivotal point for Bitcoin's price. Despite the recent volatility, implied volatility has decreased, and put-call skews show no clear directional bias, suggesting traders anticipate limited sharp price movements before the expiry.

According to @lookonchain, a trader on the HyperLiquid exchange turned a $10 million unrealized profit into a $2.5 million loss after taking a leveraged long position on Bitcoin (BTC) at $106,000. The position was wiped out when BTC fell from a high of $108,800 to around $104,000, highlighting the extreme risks of trading in the current range-bound market. The provided analysis identifies a crucial support zone for BTC between $104,400 and $104,500, with potential upside towards $106,000 if it consolidates above $105,470. In contrast to this short-term volatility, Jeff Park of Bitwise Asset Management noted a long-term cultural shift, stating that younger generations now view owning one full Bitcoin as a 'new American Dream' that symbolizes financial independence and self-sovereignty.

According to @lookonchain, Bitcoin (BTC) is demonstrating resilience by holding the critical $105,000 support level after a brief dip below $104,000. This price volatility has proven treacherous for leveraged traders; one user on the HyperLiquid exchange reportedly turned a $10 million unrealized profit into a $2.5 million loss after entering a long BTC position at $106,000. The source highlights that while short-term traders face risks in the current range-bound market between approximately $100,000 and $110,000, a strong long-term cultural trend is emerging. Citing Bitwise's Jeff Park, the analysis notes a shift where owning one full Bitcoin—becoming a 'wholecoiner'—is viewed as a new form of financial prestige and security for younger generations, contrasting sharply with the risks of short-term speculative trading.

According to @EmberCN, a trader on the decentralized exchange HyperLiquid turned a $10 million unrealized profit into a $2.5 million loss after a leveraged Bitcoin (BTC) long position was caught in a price drop from a high of $108,800. This incident, cited by Lookonchain, highlights the risks for leveraged traders as BTC continues to consolidate within a tight range. The analysis indicates that Bitcoin has shown resilience, quickly rebounding from a dip below $104,000 and establishing a strong support zone between $104,400 and $105,000. Technical analysis suggests that consolidation above $105,470 could lead to further upside potential toward the $106,000 resistance level, contingent on sustained buying demand. Meanwhile, long-term sentiment is bolstered by a cultural shift, as noted by Bitwise's Jeff Park, where owning one whole Bitcoin is becoming a new financial goal for younger investors.