BTC dropped to $96,351, now $97,100, its lowest since May 2025. Total liquidations hit $1.02 billion, with $887 million from longs alone.
Massive ETF redemptions with BTC ETFs seeing a –$870 million exit, the second-largest in history, while ETH ETFs saw a –$260 million exit. Solana ETFs had a marginal inflow of $1.5 million.
Long-term holders (LTHs) sold ~815,000 BTC over the last 30 days, the highest since January 2024.
Stablecoin inflows into exchanges are rising sharply, signaling new capital could be getting ready to deploy.
The two treasuries fund their accumulation in very different ways, and a filing shows Strive holding a stake in Strategy's own preferred stock, so the two are not just parallel bets on bitcoin. They hold each other's paper.
The deal puts a bank-issued stablecoin on a major exchange while giving that exchange's institutional clients access to round-the-clock dollar settlement.
