New rout in bitcoin ripples through crypto world

Market Overview - Nearly all crypto assets are experiencing declines, with total market capitalization falling below $4 trillion [1] - Bitcoin (BTC) decreased by 3%, while ether (ETH) fell by 6%, and Solana (SOL) dropped by 7% [1] - A total of $1.7 billion in trading positions were liquidated in the crypto derivatives market, with 94% of these being bullish trades [2] Liquidation Details - The largest liquidation was valued at $12.7 million on the OKX exchange [2] - Liquidations for ether exceeded $500 million, while bitcoin saw $280 million in liquidations [2] Crypto Treasury Companies - Over 180 public companies have added bitcoin to their balance sheets, with many aiming to replicate the stock performance of Strategy (MSTR) [3] - Approximately 94 companies are considered imitators of Strategy based on size, business model, and funding methods for bitcoin purchases [5] - About 25% of these companies have market capitalizations below the value of their bitcoin holdings [6] Mergers and Acquisitions - The first merger in the bitcoin treasury space occurred, with Semler Scientific (SMLR) rising 27% after announcing its acquisition by Strive Inc. (ASST) [7]