Bitcoin plunged below $100,000 for the first time in five months, hitting an intraday low of $99,980 before rebounding to $101,600.
Total liquidations exceeded $1.3 billion, with longs accounting for $1.113 billion, marking one of the largest single-day deleveraging events since May 2021.
Spot Bitcoin ETFs saw $578 million in outflows, their fifth straight day of redemptions; Ethereum ETFs lost $219 million, while Solana ETFs extended their winning streak with $14.83 million in inflows.
Crypto market capitalization fell 2.5% to $3.39 trillion, erasing $289 billion in value within 24 hours.
Short-term holders (STHs) continue to capitulate, sending 30,300 BTC to exchanges at a loss, while the STH-SOPR hovers near 1, reflecting persistent stress.
Bitcoin futures open interest collapsed by over $10 billion, a washout comparable to May 2021 and the FTX 2022 unwind, a structural reset more than full capitulation.
The investment migration industry's flagship crypto report leads with Singapore topping its adoption index, but the more revealing numbers are a client base that may have shrunk by a fifth since 2024 and a quiet admission that onchain history alone can't prove where crypto wealth came from.
The group-wide framework scales a model RBI's chief executive first rolled out at a regional Austrian Raiffeisen bank in 2024, though no countries, assets or launch dates have been named.
The deal gives the NYSE's yet-to-launch 24/7 digital trading venue a second major crypto exchange as a distribution partner after OKX, with regulatory approval and a launch date still outstanding.
The altcoin market has crossed a key technical threshold, but weak relative performance against Bitcoin suggests the long-awaited rotation has yet to arrive.
