Overview
- U.S. spot bitcoin ETFs saw $869.86 million in net outflows on Thursday, the second-largest daily withdrawal on record, with three-week redemptions totaling $2.64 billion.
- Bitcoin broke below the $100,000 support and traded near $97,500 after an intraday slide toward $96,000, putting trader focus on $97,000–$96,500 support and a potential test near $94,000.
- More than $1.1 billion in leveraged positions were liquidated in 24 hours, including roughly $0.5 billion in BTC longs, with nearly 250,000 traders wiped out, according to CoinGlass.
- Blockchain trackers flagged a 2,400 BTC transfer to Kraken by trader Owen Gunden as Glassnode reported long-term holders now realizing about 26,000 BTC per day, a pattern analysts frame as orderly profit-taking.
- Market depth has fallen about 30% since October, increasing sensitivity to large orders, while macro risk-off tone weighed on flows as ether ETFs logged $259.72 million of outflows and U.S. solana ETFs saw small inflows.