Crypto derivatives positions worth $2.99 billion were forcibly closed over 24 hours, affecting 170,001 traders.

Bitcoin fell from its October 2025 record near $126,000 to a June 2026 low around $57,750, a decline of roughly 53%. During that stretch, Robbie Mitchnick, BlackRock’s head of digital assets, argued that the market’s strongest demand had moved elsewhere: into artificial-intelligence companies and the infrastructure built around them.

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