Overview
- Bitcoin erased its 2025 gains after slipping to about $89,400 late Monday, marking its lowest level since April.
- Ether dropped below $3,000 and major altcoins fell, as 24-hour crypto liquidations surpassed roughly $1 billion with longs bearing most losses.
- Analysts cite persistent outflows from spot Bitcoin ETFs and shrinking stablecoin reserves on exchanges as key drivers removing a demand backstop.
- Bearish signals strengthened with a death cross and lost moving-average supports, while the Crypto Fear & Greed Index slid to extreme fear near 11.
- Outlooks diverge: Tom Lee and Matt Hougan say a bottom may be near, even as others flag rate-cut uncertainty, trade tensions and thin liquidity as ongoing risks.