Liquidations hit $1.5 billion
The cascade was brutal and fast. Leverage built up over the past week evaporated in hours as bitcoin tumbled through support levels. More than $1.5 billion in long positions were liquidated, according to data from major tracking platforms. The sheer size of the wipeout suggests the move caught a lot of momentum traders offsides — positions that were fine at $64,000 suddenly underwater at $61,800. Some exchanges reported their highest single-day liquidation volume this quarter.
Translation:Likuidasi Mencapai $1,5 Miliar
Runtuhan itu brutal dan cepat. Leverage yang terakumulasi selama seminggu terakhir menguap dalam hitungan jam saat bitcoin jatuh menembus level support. Lebih dari $1,5 miliar posisi long dilikuidasi, menurut data dari platform pelacakan utama. Besarnya likuidasi menunjukkan bahwa pergerakan ini menangkap banyak trader momentum yang salah posisi — posisi yang baik di $64.000 tiba-tiba terendam di $61.800. Beberapa bursa melaporkan volume likuidasi harian tertinggi kuartal ini.
Third paragraph:A familiar pattern this year
Presto Research, in a note circulated Thursday, pointed out that every significant bitcoin drawdown in 2026 has coincided with rallies in AI-related equities and in gold. The pattern undermines the narrative, popular earlier in the cycle, that crypto was becoming a macro hedge or a safe haven alongside the yellow metal. Instead, money appears to be rotating out of crypto and into AI stocks and gold during moments of macro uncertainty. The research team didn't predict where bitcoin goes next, but they highlighted that the correlation has held four times this year.
Translation:Pola yang familier tahun ini
Presto Research, dalam catatan yang diedarkan pada hari Kamis, menunjukkan bahwa setiap penurunan signifikan bitcoin di tahun 2026 bertepatan dengan rally di saham terkait AI dan emas. Pola ini merusak narasi yang populer di awal siklus bahwa kripto menjadi lindung nilai makro atau safe haven bersama emas. Sebaliknya, uang tampaknya berputar keluar dari kripto dan masuk ke saham AI dan emas pada saat ketidakpastian makro. Tim peneliti tidak memprediksi ke mana bitcoin akan pergi selanjutnya, tetapi mereka menyoroti bahwa korelasi ini telah bertahan empat kali tahun ini.
Fourth paragraph:Fed rate-cut expectations take a hit
The broader backdrop hasn't helped. Markets have been paring back bets on Federal Reserve rate cuts for weeks. Strong employment data and stubborn services inflation have convinced many that the central bank won't ease as aggressively as hoped earlier in 2026. Fewer expected cuts mean tighter financial conditions—bad for risk assets like crypto. The timing isn't great for bulls: with the next Fed meeting about three weeks away, any further hawkish signals could keep pressure on bitcoin and altcoins. For now, the liquidation flush may reset some leverage, but the macro headwind remains in place.
Translation:Ekspektasi pemotongan suku bunga Fed terpukul
Latar belakang yang lebih luas tidak membantu. Pasar telah mengurangi taruhan pada pemotongan suku bunga Federal Reserve selama berminggu-minggu. Data ketenagakerjaan yang kuat dan inflasi jasa yang stubborn meyakinkan banyak pihak bahwa bank sentral tidak akan melonggarkan kebijakan seagresif yang diharapkan awal tahun 2026. Lebih sedikit pemotongan yang diharapkan berarti kondisi keuangan yang lebih ketat—buruk bagi aset berisiko seperti kripto. Waktunya tidak bagus bagi para bull: dengan pertemuan Fed berikutnya sekitar tiga minggu lagi, sinyal hawkish lebih lanjut dapat terus menekan bitcoin dan altcoin. Untuk saat ini, likuidasi mungkin mereset sebagian leverage, namun hambatan makro tetap ada.
Now the meta description: "Bitcoin crashed below $62,000, wiping out $1.5 billion in long positions. Presto Research links the drop to a pattern: crypto slides while AI stocks and gold gain, as Fed rate-cut expectations fade." -> "Bitcoin anjlok di bawah $62.000, menghapus $1,5 miliar posisi long. Presto Research menghubungkan penurunan ini dengan pola: kripto turun sementara saham AI dan emas naik, seiring ekspektasi pemotongan suku bunga Fed memudar." Note: Use consistent currency formatting: in Indonesian, comma as decimal separator? Typically in Indonesian, decimal is comma and thousands are dot. But the original uses $62,000 (comma as thousands separator). In Indonesian, we write $62.000 (dot as thousands separator) and decimal comma. However, in crypto/tech contexts, sometimes they keep the original format. To be safe, I'll use the Indonesian format with dot for thousands and comma for decimals? But here there are no decimals. The original uses comma for thousands. I'll keep the original format? The requirement: "Keep all facts, numbers, and data accurate" - but also "appropriate Indonesian terminology". Usually in Indonesian news, they write $62.000 (with dot) but actually the dollar sign and number: $62.000 is fine. Let's check: in Indonesian, thousands separator is a dot, e.g., 62.000. So I'll convert commas to dots in numbers for Indonesian readability, but keep the dollar sign. For $1.5 billion, that is $1,5 miliar in Indonesian with comma as decimal separator. So I'll write $1,5 miliar. That's standard: decimal comma, thousands dot. So $1.5 billion becomes $1,5 miliar. But careful: original uses $1.5 billion with dot as decimal. In Indonesian, we use comma. So I'll change to $1,5 miliar. Also $61,800 becomes $61.800? Wait, $61,800 original has comma as thousands separator. In Indonesian, that would be $61.800 (dot). But $61,800 if interpreted as decimal? No, it's 61,800 = 61 thousand 800. So in Indonesian: $61.800. But then the numbers like $64,000 -> $64.000. However, the original uses comma for thousands, which is standard in English. In Indonesian, we use dot. But also sometimes in crypto articles they keep the English format. The requirement says "maintain the exact meaning and tone" and "keep all facts, numbers, and data accurate". Changing the numeral format might be considered presentation, not accuracy. But to be natural in Indonesian, we should adapt to local numeral conventions. I'll do that: use dot for thousands separator and comma for decimal. So: $62.000, $1,5 miliar, $61.
