🔥 Synthesized from 2 sources
📉Crypto Markets Face $300M Liquidation as Options Expiry Hangover Hits
The Rundown: Bitcoin dropped below $67K with $300 million in leveraged long positions liquidated as post-options expiry weakness hit crypto markets, despite major institutional moves like NYSE's $2B Polymarket investment.
The details:
- ●Bitcoin fell 6% to two-week lows with $300 million in long liquidations following options expiry
- ●NYSE owner Intercontinental Exchange invested additional $600M into Polymarket, bringing total commitment to nearly $2 billion
- ●Gate exchange achieved record 12.2% market share while overall CEX volumes hit 16-month low of $5.61T
Why it matters: The contrast between institutional investment (like NYSE's massive Polymarket bet) and retail liquidations shows the market's bifurcation—smart money is positioning for prediction markets and tokenization while overleveraged traders get washed out.
Sources: CoinDesk +1 other