Overview
- BTC briefly tumbled to about $84,000 and hovered near session lows even as stocks and metals pared losses, with major tokens down 5%–7% on the day.
- Derivatives markets saw heavy forced unwinds, topping $650 million in long liquidations across crypto with hourly spikes above $300 million, as funding flipped negative.
- Technicians flag $94,000 as the level to reclaim to restore momentum, with near-term support watched in the $85,800–$82,000 zone and downside risk toward ~$75,000 if weakness persists.
- The Federal Reserve kept rates at 3.50%–3.75%, the dollar firmed and safe-haven flows favored gold earlier in the week, reinforcing a risk-off tone that has sidelined crypto.
- On-chain and flow gauges turned more cautious, with Supply in Loss trending higher, spot demand constrained, and data showing subdued Binance inflows alongside increased long-term holder distribution.