Bitcoin News: Price Slips Below $63K on Asian Session
Sourabh Agrawal
Bitcoin News: Price Slips Below $63K on Asian Leverage Flush
Bitcoin is down -1.57% to $62,962 today as the market experiences pressure from a leverage flush in today's Asian trading session. This downturn comes as participants react to the enforcement of liquidations across perpetual futures markets.
KEY TAKEAWAYS:
- BTC Price: $62,962 USD.
- Market direction: ▼ down -1.57%.
- Fear and Greed Index at 28, indicating 'Fear'.
Bitcoin News Market Snapshot
As of 13 July 2026, 01:56 PM IST:
| Item | Value |
|---|---|
| BTC Price | $62,962 USD |
| 24-Hour Change | -1.57% |
| Market Cap | $1.26 Trillion |
| 24-Hour Volume | $22.04 Billion |
| Fear and Greed Index | 28 'Fear' |
| BTC Dominance | 56.06%, trend neutral |
| Total Crypto Market Cap | $2.25 Trillion |
Asian Session Leverage Flush Pressures Bitcoin Below $63K
The slip below $63,000 during the Asian session has been attributed to a leverage flush, with liquidations becoming evident in perpetual futures markets. This liquidation event was minor, approximately one-sixth of the worst 30-day level. According to analysts at Anchorage Digital, capital is rotating out of crypto, around 30%, into sectors like AI and semiconductors, contributing to Bitcoin's downward pressure.
Market volatility is amplified as traders position themselves ahead of two significant upcoming events: the June inflation report due on July 14 and the Federal Reserve meeting scheduled for July 28-29. Despite these pressures, no cascading liquidation events have occurred, and recent forced closures have remained orderly across major exchanges.
Bitcoin Spot ETF Flows Show Mixed Institutional Appetite
Recently, US Bitcoin spot ETFs witnessed inflows of $221.7 million on July 2, ending a painful ten-day outflow streak. Fidelity's FBTC led with $166 million, while BlackRock's IBIT experienced a $40.43 million outflow during the same session. Despite these inflows, the year-to-date outflows still amount to approximately $5.4 billion.
The current ETF flow regime indicates a testing of boundaries between enduring outflows and potential inflows, signifying mixed signals in institutional demand.
Derivatives Markets: Minor Liquidations Amid Deleveraging
In the last 24 hours, total liquidations across major exchanges have reached approximately $54.20 million, leading to 16,691 accounts being liquidated. Long positions accounted for $38.68 million of the total, suggesting that more pain is felt in long positions compared to shorts.
Open interest and funding rates remain stable, indicating no significant leverage buildup. Bitcoin liquidations form part of a broader landscape of crypto liquidation activity, with no signs of any flash crashes.
Glossary
Leverage Flush
A sudden reduction in the amount of leverage utilized by traders, often leading to forced liquidations.
ETFs
Exchange-traded funds which can provide exposure to Bitcoin without direct purchase of the cryptocurrency.
Liquidation
The process of selling collateral to cover losses when an investor's equity falls below maintenance margin.
Disclaimer
This article is intended for informational purposes only and does not constitute financial advice. Readers are encouraged to conduct their own research (DYOR).
