Overview
- Bitcoin fell to roughly $94,500, a six‑month low, leaving the token down about 24% from October’s record and on track for a third straight weekly loss.
- U.S. spot bitcoin ETFs saw about $870 million in net redemptions on Thursday, the second‑largest daily outflow on record, while spot ether ETFs have bled roughly $1.4 billion since late October.
- More than $1.1 billion in leveraged crypto positions were liquidated in 24 hours, mostly longs, as market depth thinned by around 30% since the Oct. 10 wipeout and options hedging shifted defensively.
- On‑chain data show long‑term holders sold roughly 815,000 BTC over the past month, and several analysts now characterize conditions as a bear‑market regime.
- Rate‑cut expectations eased to about a 50% chance for December, equities weakened, and fear gauges slid into “extreme” territory, with technicians watching $101,000 for a rebound or the low‑$90,000s as next support.