Bitcoin Crash, $2.7B Liquidations, and a Potential Uniswap ETF: What Yesterday’s Crypto Shakeout Really Means

Did you feel that market shake yesterday? Bitcoin plunged below $60,000, wiping out billions in leveraged positions — and then snapped back just as fast. Add in a $100 million institutional investment into crypto infrastructure and the possibility of the first-ever Uniswap ETF, and it’s clear the crypto market is anything but boring right now.

Welcome to Generational Wealth — your pathway from knowledge to legacy. Let’s break down what actually happened, why it matters, and what signals to watch next.

Bitcoin Plunges Below $60,000 as $2.7 Billion Gets Liquidated

The biggest headline in crypto news today starts with a brutal sell-off. Bitcoin briefly dipped below $60,000 early Friday during a broad market rout that saw the total crypto market lose nearly 9% in value.

This move triggered approximately $2.7 billion in liquidations across derivatives markets — the largest single-day realized loss since major events like the FTX collapse. Long positions took the brunt of the damage as fear swept through traders.

Why This Matters

While painful, liquidation events like this often reset overleveraged markets. Excess risk gets flushed out, setting the stage for more sustainable price action ahead. Extreme volatility is uncomfortable — but it’s also where long-term bottoms frequently form.

Bitcoin Rebounds Above $70,000 as Fear Peaks

Just as panic hit its peak, Bitcoin reversed course. Prices rebounded sharply during Friday trading, climbing back above $70,000 and extending gains by over 2% within hours.

Related equities followed suit. Crypto-exposed stocks like Strategy and Galaxy Digital surged by double digits, reinforcing how quickly sentiment can flip in this market.

A key psychological signal? The Fear & Greed Index dropped to just 9, a level historically associated with market bottoms. In crypto, extreme fear has often preceded powerful recoveries.

Tether Invests $100M in Regulated Crypto Custody

On the institutional front, Tether made a major strategic move by investing $100 million into Anchorage Digital at a $4.2 billion valuation.

This investment aims to strengthen regulated crypto custody solutions for institutional players — and it’s a strong signal of confidence in crypto infrastructure despite recent volatility.

Why It’s Important

As crypto matures, traditional finance increasingly relies on regulated custody platforms. Moves like this suggest institutions are building for the long term, not reacting emotionally to short-term price swings.

Bitwise Files for the First U.S. Spot Uniswap ETF

In another major development, Bitwise officially filed for the first U.S. spot Uniswap ETF with the SEC. If approved, this would mark a significant milestone for decentralized finance, following the ETF paths paved by Bitcoin and Ethereum.

An ETF tied to Uniswap could dramatically increase mainstream exposure to DeFi — lowering barriers for traditional investors and potentially reshaping how altcoins are accessed.

Despite the excitement, the broader market downturn weighed on prices. Ethereum fell more than 10%, trading around $1,880 during the sell-off.

Gemini Exits International Markets as Polymarket Eyes Token Launch

Not all the news was bullish.

Gemini announced plans to exit the UK, EU, and Australia, refocusing operations on U.S.-based prediction markets. The move includes staff reductions and highlights ongoing regulatory challenges abroad.

Meanwhile, Polymarket’s parent company filed a trademark for its upcoming POLY token, signaling a potential token launch and airdrop. With prediction markets growing rapidly, this could be a major development for event-driven traders.

Japanese Firms Increase Bitcoin Treasuries Amid Yen Weakness

Globally, Bitcoin adoption continues to expand. Several Japanese firms are ramping up Bitcoin treasury strategies as a hedge against yen weakness — following the model popularized by companies like Metaplanet.

This reinforces Bitcoin’s evolving role as a global store of value, particularly in regions facing currency instability.

What Comes Next for Crypto?

Yesterday’s market action was undeniably bearish, marked by aggressive liquidations and fear-driven selling. However, the swift Bitcoin rebound suggests the market may be entering a neutral stabilization phase — assuming key support levels hold.

One Key Level to Watch

If Bitcoin remains above $65,000, it could signal that the worst of this dip is already behind us. Liquidation data and funding rates will be critical indicators in the days ahead.

Final Thoughts

Crypto markets move fast — and yesterday was a textbook example. Volatility, institutional positioning, regulatory shifts, and innovation are all colliding in real time.

If this breakdown helped you navigate today’s market action, bookmark our site for daily wealth-building insights. We publish a crypto news update every morning and a deep-dive analysis every afternoon.

Drop a comment below with your biggest takeaway or let us know what topics you want covered next.

Quick disclaimer: I’m not a licensed financial advisor. This is for educational purposes only and not financial or investment advice. Crypto is volatile — never invest more than you can afford to lose, and always do your own research.