MUTM gains steam as BTC faces $900M liquidations at $114K
Main Idea
Bitcoin (BTC) experienced a significant drop to $113,411, triggering over $900 million in liquidations, while Mutuum Finance (MUTM) gains attention with its peer-to-contract lending model and presale success.
Key Points
1. Bitcoin (BTC) plummeted to $113,411, causing over $900 million in crypto liquidations, with $823 million from long positions.
2. The drop was driven by macro factors, including a disappointing US jobs report, Trump’s global tariffs, and escalating US-Russia tensions.
3. Mutuum Finance (MUTM) offers a peer-to-contract (P2C) lending model, allowing users to lock blue-chip assets like SOL and earn an 11.2% APY without selling their holdings.
4. Mutuum Finance (MUTM) is in Phase 6 of its presale, with tokens priced at $0.035, and has sold over 10% of the 170 million Phase 6 tokens.
5. The project has a $50,000 CertiK bug bounty, a Token Scan Score of 95.00, and a Skynet Score of 78.00, validating its security and robustness.
Description
BTC liquidations Bitcoin (BTC) plummeted to $113,411, triggering over $900 million in crypto liquidations, with $823 million from long positions, as reported by CoinGlass. The 5.6% drop from a $120,000 peak was driven by macro factors, including a disappointing US jobs report, Trump’s global tariffs, and escalating US-Russia tensions, spooking markets. BTC’s price tested the $114,000 support, with 158,291 traders liquidated, per BitPinas data. Ethereum led with $300 million in liquidations, foll...
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