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.
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
