Major crypto prices softened Monday, even as Wall Street closed higher on hopes for a lasting ceasefire in the Middle East. The move was a reminder that crypto still takes cues from macro risk sentiment, not just its own narratives.
Daily price snapshot
The newsroom is sticking to the numbers reported at 9:10 p.m. EDT in the source.
| Asset | 24-hour change | Price (9:10 p.m. EDT) |
|---|---|---|
| Bitcoin (BTC) | -1.04% | $62,642.55 |
| Ethereum (ETH) | -1.74% | $1,662.25 |
| XRP | -0.49% | $1.15 |
| Solana (SOL) | -1.37% | $65.52 |
| Dogecoin (DOGE) | -1.37% | $0.08489 |
Bitcoin “wobbled” in the $62,000 to $64,000 area, according to the source, and trading volume dipped. Ethereum briefly pushed above $1,700, then slid back toward $1,660.
Strategy Inc restarts buying after a fast sell
Crypto’s intraday downshift didn’t stop corporate BTC flows. The source says Strategy Inc. (NASDAQ: MSTR) resumed buying BTC after reporting its first purchase since selling 32 BTC last week at $77,135.
That matters for two reasons. First, Strategy’s activity is the cleanest read on how one large operator treats BTC as a balance-sheet asset during volatility. Second, it did not prevent price weakness that same day. The asset can rally on demand and still fall on leverage, macro pressure, or positioning.
Leverage is getting forced out
Coinglass data cited in the source puts the liquidation total at over $280 million in the last 24 hours. The breakdown is blunt. Liquidations were “predominantly in long positions,” while shorts saw mostly shorter liquidations. That’s consistent with markets that dip and then punish holders of upside leverage.
The source also says Bitcoin open interest fell 0.56% over the same 24-hour window. Open interest down, price down, and long liquidations dominant is a typical combo: leverage shrinks as traders get paid to exit.
Positioning on Binance looks bullish, sentiment looks scared
The source flags a mismatch on derivatives positioning. It says retail and whale traders on Binance were “betting on BTC’s price increase,” shown by a “significantly higher proportion of long positions compared to shorts.”
significantly higher proportion of long positions compared to shorts.
Meanwhile, sentiment signals came in on the risk-off side. The Crypto Fear & Greed Index showed “Extreme Fear,” per the source.
When those two sit together, it usually means traders are leaning long while the broader tape remains fragile. That setup can unwind fast if BTC breaks down, even if some players expect a bounce.
Crypto-related stocks rise on the day
Even with BTC and ETH lower, the source says cryptocurrency-related equities closed higher. Strategy Inc. (MSTR) closed up 5.61%. Bitmine Immersion Technologies Inc. (BMNR) closed up 5.97%.
That divergence is useful context. Equity moves can reflect expectations about corporate capital allocation and asset exposure, not the same micro price action that derivatives are driving. In other words, stocks can cheer buys while traders still get liquidated.
The source also notes that “cryptocurrency-related stocks rallied” alongside the macro backdrop. Investors pinned hopes on a ceasefire, and the desk’s takeaway is straightforward. Crypto weakness can coexist with improving headlines, right up until liquidity tightens enough to trigger forced selling.
At 9:10 p.m. EDT, the tape was green on risk sentiment elsewhere and red across major tokens, with leverage getting cut. That is a market that still needs time, not a press-release narrative.