Overview
- Bitcoin briefly traded below six figures, touching roughly $99,954–$99,990 before a modest rebound, after sliding to new multi‑month lows.
- Roughly $1.3 billion in leveraged positions were liquidated over 24 hours, with hundreds of thousands of traders wiped out and the Fear & Greed Index sinking to extreme‑fear readings near 21.
- U.S. spot crypto ETFs logged another day of net withdrawals, with about $186.5 million leaving Bitcoin funds and $135.7 million exiting Ethereum products during a multi‑day outflow streak.
- Macro headwinds intensified as Federal Reserve guidance tempered rate‑cut expectations and the U.S. dollar strengthened, pressuring risk assets alongside declines in U.S. equities.
- Losses spread across major tokens and crypto‑linked stocks, erasing hundreds of billions in market value, while on‑chain selling included Sequans Communications unloading 970 BTC to redeem debt.