Why Is the Crypto Market Up Today, July 9? Leverage Flush Fuels a Selective Relief Rally
The global crypto market capitalization climbed 0.25% to $2.25 trillion today, stabilizing after a $68.28 million Bitcoin liquidation wave successfully wiped out overleveraged longs. With Bitcoin holding steady near $62,785 and aggregate derivatives open interest dropping 3.37%, this post-flush recovery is driving a highly selective altcoin rotation. Read our comprehensive analysis of why ARB, EIGEN, and APE are sharply decoupling, upcoming macro regulatory catalysts, and the key technical levels to watch next.