Bitcoin's Five-Week Losing Streak Deepens as $1B Wiped in 24 Hours

Bitcoin just wrapped a fifth straight week in the red. In a single 24-hour stretch, more than $1 billion in liquidations tore through the crypto market. The damage isn't isolated to the biggest coin either — it's a market-wide bleed.

Ran Neuner, founder of Crypto Banter, has been tracking the macro backdrop behind the slide. He previously flagged U.S. inflation climbing to 3.7 percent, with bond yields spiking above forecasts. He's also pointed out that certain altcoins were showing strength while Bitcoin went through its corrections.

According to tradersunion.com, Neuner reads the current numbers as a sign the selling isn't finished. In his view, Bitcoin could still be heading into a final capitulation leg before things settle.

Traders are now watching for further volatility as the streak stretches on. Neuner's capitulation call is the one to keep on the radar: if it plays out, the fifth week of losses won't be the last headline.