Overview

• Bitcoin’s price slipped over 2.5 percent to just above $115,000, marking its lowest level since July 10, breaking its recent $116,000–$120,000 consolidation range.
• Derivatives open interest in Bitcoin futures surged to a record $44.5 billion, reflecting a surge of highly leveraged positions during the downturn.
• Nearly $586 million of long positions were liquidated in the past 24 hours, including roughly $150 million in Bitcoin contracts, intensifying selling pressure.
• Galaxy Digital sold over 22,700 BTC on major exchanges and completed the sale of 80,000 BTC for a client, adding large institutional supply to the market.
• Glassnode reported that Bitcoin’s realized market capitalization surpassed $1 trillion for the first time, highlighting growing liquidity even as volatility spikes.