Bitcoin stabilized at $62,600 after a selloff on Monday, driven by geopolitical tensions as Donald Trump warned of further strikes on Iran, while a KOSPI index decline led to a surge in South Korean crypto trading volumes.
By Oliver Knight, Saksham Diwan|Edited by Sheldon Reback Jul 14, 2026, 10:39 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Bitcoin price (CoinDesk)SummaryShow- Bitcoin is currently at $62,600 after experiencing a drop from $64,400 to $61,800 on Monday, with $283 million in liquidations over 24 hours, primarily affecting long positions at a ratio of 74-26. The Binance heatmap indicates $61,300 as a critical support level to monitor in case of further declines.
- The options market has shown a decrease in bullish sentiment, with the put/call ratio adjusting from 64/36 to 58/42. Additionally, the one-week delta skew has narrowed to 15% from 26% last week, while the DVOL index sits at 37.43, indicating a low-stress trading environment.
- After a 10% decline in South Korea's KOSPI index since Friday, Upbit's trading volume has surged by 1,426%, signaling a shift back to crypto as South Korean investors react to the stock market downturn.
Bitcoin BTC$62,673.94 has stabilized after Monday's downturn, trading at $62,600 following a drop from $64,400 to $61,800 within 24 hours.
Ether (ETH) mirrored Bitcoin's movements, fluctuating within a tight range of $1,770-$1,790. The trading volume for ETH pairs increased by 2.2% to $8.95 billion in the last 24 hours, suggesting a balanced market between buyers and sellers.
Lighter (LIT) rebounded by 5.7% since midnight UTC, attempting to initiate another rally following a remarkable 200% increase since May.
U.S. stock markets showed mixed results, with Nasdaq 100 index futures climbing by 0.31% while S&P 500 index futures slightly fell by 0.12%, reflecting market uncertainty after President Trump announced potential "very heavy" strikes against Iran.
Gold prices have continued to decline from their peak in January, now hovering around $4,020 per ounce, marking a 28% decrease since January 29.
Derivatives positioning
- The positioning in Bitcoin derivatives remains largely stable. Open interest (OI) is at $17.1 billion, the three-month annualized basis remains at 3.8%, and annualized funding rates vary between 0% and 8% across multiple platforms, with previous anomalies on Bybit now corrected.
- No significant leverage has been added in either direction, and there are no signs of stress in the funding structure.
- Options positioning continues to lean towards calls but is moderating. The 24-hour call/put ratio is now at 58/42, down from 64/36 yesterday, and the one-week delta skew has further compressed to about 15% from 26% last week.
- The at-the-money term structure remains in contango, with the front end around 31-32% and the long end approximately 43%. Deribit's implied volatility index, DVOL, at 37.43 is near multi-year lows, indicating low stress and a mild call bias, albeit with the options premium gradually diminishing.
- According to Coinglass data, $283 million in liquidations occurred in the last 24 hours, with a 74-26 split favoring longs over shorts. Notably, BTC ($66 million) and ETH ($50 million) had the highest liquidation amounts.
- The Binance liquidation heatmap highlights $61,300 as a significant level to watch for potential price drops.
Token talk
- Ethena (ENA) followed LIT's upward trend on Tuesday, rising by 5.7%, leading the altcoin market. However, unlike LIT, ENA has been on a persistent downtrend since September, losing over 90% of its value since then.
- In the AI sector, there were positive developments on Tuesday, with NEAR climbing by 3.3% and FET increasing by 1.7%.
- Conversely, JUP and WLFI experienced declines amid decreasing trading volumes, falling by 1.5% and 0.5%, respectively.
- CoinMarketCap's "Altcoin Season" indicator reflects a more optimistic scenario, currently at 54/100 after spending most of June below 50/100.
- A potential catalyst for altcoin price movements may be the significant selloff in South Korea's stock market. The KOSPI index has fallen by 10% since Friday, which could inversely correlate with activity on local crypto exchanges.
- Wu Blockchain reported a staggering 1,426% rise in Upbit trading volume following the KOSPI decline, suggesting a possible reversal of the machine chip trade that led investors to exit crypto at the end of last year.
- 1Bitcoin's BIP-110 sparked a fight over who gets to decide the future of Bitcoin13 minutes ago
- 2Prediction markets just crushed traditional sportsbooks in a massive $50 billion World Cup breakout14 minutes ago
- 3Bitcoin’s great rotation: Long-term holders pass supply to a new generation of buyers27 minutes ago
- 4XRP and ether bulls are getting louder as prices fall, signaling more trouble ahead47 minutes ago
- 5 Live updates: Bitcoin holds $62,600 as the Iran conflict reignites and CPI looms4 hours ago
- 6U.S. government moves $288 million in seized bitcoin, ether to Coinbase Prime4 hours ago
- 7Solo bitcoin miner makes $200,000 using $150 equipment6 hours ago
- 8Bitcoin slips as traders lift July Fed rate hike bets ahead of Inflation report8 hours ago
- 9Binance.US CEO says exchange is rebuilding, eyes return to 20% U.S. market share14 hours ago
- 10Franklin Crypto CIO says crypto prices are disconnected from fundamentals14 minutes ago
Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months
Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
By CoinDesk ResearchJul 13, 2026CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
View Full ReportMore From Markets