Bitcoin slipped 3.5% to $121,288 after peaking at $126,198, its new all-time high. 99%+ of supply remains in profit, a euphoric zone that typically precedes mild corrections.
Futures open interest dropped 3.75% to $91.9 billion, while $151.3 million in positions were liquidated.
Bitcoin ETFs saw $7.78 billion in trading volume, while Ether ETFs posted $421 million in inflows.
Ethereum traded near $4,445, down 5.3%; SOL at $219; BNB still strong at $1,291 after a record run.
Government shutdown tensions and profit-taking fueled the short-term pullback. Structural demand and ETF flows remain firm, supporting a constructive medium-term outlook.
Simon Gerovich confirmed the bitcoin treasury company froze a share option pool that had grown nearly sevenfold since 2022, but investors say the admission does not address why the extra shares were not cancelled.
The multi-year clearing deal, timed to the start of the NFL season, marks OG.com's largest prediction-markets partnership since its spinout from Crypto.com.
Lenders like Credit Coop and Rain have financed a combined $4.5 billion in stablecoin-linked card settlement without a single default, using daily Visa settlement files to underwrite loans that repay themselves through smart contracts.
The all-stock acquisition gives Circle direct banking relationships across 100-plus markets where more than 60% of Tazapay's $25 billion in annual payment volume already moves through stablecoins.
