Bitcoin crashed below $63,000, wiping out $1.6 billion in leveraged positions in a single session. Ethereum slid under $1,800, Strategy broke its multi-year hold, and altcoins bled across the board. Here's everything that moved the market and what to watch next.

Bitcoin slid under $77K as $563 million in leveraged longs were wiped out overnight — driven by rising Treasury yields, Strait of Hormuz tensions, and a market-wide deleveraging event. Bitcoin Depot issued a going-concern warning after a 49% revenue drop, while the HYPE token bucked the trend with a 7–10% gain. Here's what caused the flush, what long-term holders are doing, and what to watch heading into the week.

Bitcoin erased its weekly gains in a sharp 3% drop toward $78,000, triggering over $134M in futures liquidations and a 5% sell-off across major altcoins including Solana and XRP. THORChain halted all operations after a suspected $10–$11M cross-chain exploit sent RUNE tumbling more than 10%. Meanwhile, Bitcoin spot ETFs recorded $290M in net outflows led by BlackRock's IBIT. Here's everything you need to know about the moves shaping the crypto market in the last 24 hours.