Bitcoin leaves top 10 global assets after massive liquidations

Bitcoin has just lost its place among the ten most valuable assets in the world. This downgrade, far from being trivial, reveals a growing fragility of the crypto market, overtaken by revived volatility. While traditional markets rebound, the iconic crypto is under selling pressure of rare intensity. Behind this brutal decline, the entire solidity of the narrative around bitcoin is wavering, calling into question its ability to withstand macroeconomic shocks and violent market adjustments.

Massive liquidations precipitate bitcoin’s fall

The week was marked by a brutal turnaround for bitcoin, which saw its capitalization fall to $1.65 trillion, relegating the asset to 11^th world rank, behind Saudi Aramco and TSMC.

This tumble is linked to a wave of liquidations estimated at $1.6 billion, which caused the price of BTC to fall from nearly $90,000 to less than $82,000 in a few hours.

Here is some key figures and benchmarks to remember:

• The current capitalization of bitcoin: $1,650 billion;
• Overall ranking: 11^th place (behind TSMC and Saudi Aramco);
• A high point reached in October: nearly $2,500 billion in market cap, with a price of around $126,000;
• The amount of recent long liquidations: approximately $1.6 billion.

The contrast is striking with the euphoria that still reigned last fall. This brutal correction takes place in a climate of technical instability, against a backdrop of over-leveraged long positions and speculative sentiment.

The scale of the liquidations shows that the market remains vulnerable to shocks and unprepared to absorb rapid waves of withdrawal. The scenario of a prolonged decline is no longer excluded by a growing number of analysts.

A weakened ecosystem in the face of macroeconomic signals

Beyond the technical shock, the recent dynamics of bitcoin are part of a complex macroeconomic environment, where contradictory signals weigh on investor perception.

A notable element is the announcement by Donald Trump confirming the appointment of Kevin Warsh as head of the American Federal Reserve, a figure considered favorable to cryptos. Chis confirmation follows persistent rumors.

Despite these seemingly favorable conditions, notably the falling US dollar, bitcoin has underperformed not only risk markets like stocks, but also safe-haven assets such as gold, which recently reached new highs and consolidated its place at the top of the global rankings. This decorrelation suggests a structural weakening of the link between BTC and its former valuation drivers.

The exit from the world top 10 highlights a loss of strategic momentum for the price of bitcoin, now lagging behind traditional assets. This decline phase questions its ability to regain lasting upward momentum in an uncertain macroeconomic environment.