$BTC July 9 Morning News — $326 million wiped out in liquidation, Bitcoin retreats to $62,000

In the past 24 hours, the crypto market saw $326 million in leveraged positions liquidated. Bitcoin was quoted at $62,229, down 2.41% over the day; Ethereum was at $1,740, down 2.74%; Solana plunged 4.27% to $77.47. The U.S.-Iran conflict has flared up again, compounded by macroeconomic uncertainty, pushing the market once more into “extreme fear.” On-chain data shows the peak of long-term holders’ average daily realized losses has risen to $280 million, the highest since December 2022. Selling pressure has not yet noticeably cooled. The good news is that cross-border payments giant Nium announced the acquisition of crypto wallet company Cypher, helping advance fiat-to-on-chain payment services. Even in a bear market, infrastructure development never stops. On the Solana chain, the Trump-track dogecoin conan lane is bustling. The staking ecosystem is booming, and the community continues to build—awareness is gradually rising.
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