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.
Professional fund managers are sitting on near-record cash positions, explicitly hedging, and naming five specific catalysts before they commit. None of them have arrived.
The $1.9 trillion asset manager's first crypto fund will trade on NYSE Arca and rotate across 5–15 digital assets, with BTC, ETH, and XRP as core holdings
Tom Lee's treasury company raises $274M via preferred equity, immediately deploys $136M into ETH — mirroring the model Michael Saylor built for Bitcoin
