Bitcoin (BTC) losses passed 6% after Wednesday’s Wall Street open as a cascade of liquidations gathered pace. {chart} That level marked the pair’s lowest since April 5, erasing months of gains as 24-hour cross-crypto liquidations hit $1.25 billion. {chart} Continuing a grim divergence from other risk assets, Bitcoin collapsed as the S&P 500 set yet another all-time high. {chart} “Investors are Macro Risk-Off, fleeing into Stablecoins and moving away from Bitcoin,” trader and analyst Rekt Capital wrote in a response on X. {chart} Rekt Capital saw price targeting its 50-month exponential moving average (EMA) at ... (full story)