Overview
- Bitcoin fell below six figures for the first time since June before rebounding near $101,000, leaving it more than 20% below its early‑October record above $126,000.
- Roughly $1.3 billion to $1.37 billion in crypto derivatives were liquidated in 24 hours, with long positions absorbing about $1.1 billion to $1.22 billion of the losses.
- U.S. spot Bitcoin and Ethereum ETFs posted a fourth straight day of net withdrawals, with cumulative outflows over recent sessions around $1.3 billion to $1.4 billion, per Farside Investors.
- Risk appetite weakened as a firmer U.S. dollar and cautious Federal Reserve guidance weighed on speculative assets, and the Fear & Greed Index fell to 21, signaling extreme fear.
- The broader market shed roughly $300 billion in value as major altcoins slid, and Sequans Communications disclosed a sale of 970 BTC (about $94.5 million) to redeem part of its convertible debt.