BTC slid under $110K for the first time in 47 days, triggering ~$895 million liquidations in 24h with over 92% of the liquidations long positions. ETH dropped ~7% from its ATH $4,955 to $4,415, wiping ~$266 million in long/short positions.
Despite weakness, corporate/treasury bids remain active. Strategy added 3,081 BTC worth $343 million, Goldman Sachs made a $194 million purchase of BTC, Remixpoint acquired 41.5 BTC, Metaplanet added 103 BTC, and ETHZilla purchased 7,562 ETH worth $35 million. These treasury inflows highlight selective accumulation into stress.
BTC RSI at 43.6, edging toward oversold, along with Net Unrealized Profit/Loss falling to 5.1% from 8.8%, flags fading profitability. The key risk is a break of the 200-day EMA at $103.7K or the 200-day SMA at $100.8K which would jeopardize the bull cycle market structure.
The industry's biggest lobbying group backs Custodia Bank's petition arguing the Federal Reserve has no discretion to deny master accounts to eligible state-chartered banks — a question Kraken's own path around the same wall already shows has more than one answer
The regulator dismantled Australia's largest cash-to-Bitcoin network using powers it already had; the AML/CTF bill now before Parliament would let it do the same to the whole sector without waiting for a company to fail first.
Jeong Sang-ho gets the same sentence as Do Kwon, but on a fraction of the alleged victim count — after a court threw out evidence tied to the case's largest fraud allegation
The Aug. 19 gathering lands a day before a CFTC advisory panel takes up the same state-versus-federal jurisdiction fight now playing out in courtrooms in at least a dozen states.
