Bitcoin Surges 6% to $68,000 as On-Chain Data Show Whale Accumulation and $400M in Liquidations

Bitcoin rose from a multiweek low of $62,500 to $68,000, gaining over 6% in 24 hours, as on-chain CVD data show "explosive buying" attributed to whales accumulating the dip while retail activity remained muted, analyst CW said. Ethereum jumped more than 10% to trade above $2,000 after retesting $1,800 support, XRP rose 7% to above $1.45, and SOL, DOGE, FIL, DOT, MORPHO, APT and UNI each gained between 10% and 20%. Total liquidations neared $400 million with almost $300 million in BTC and ETH shorts affecting over 100,000 traders, CoinGlass data show, with the largest single order worth $11.32 million occurring on Hyperliquid.