Overview
- Bitcoin briefly fell to about $81,600 before stabilizing near $84,000, erasing year-to-date gains and leaving weekly losses near 8%.
- Nearly $2 billion in leveraged crypto positions were liquidated in 24 hours, including about $964 million tied to bitcoin and $407 million to ether, according to CoinGlass data.
- U.S.-listed spot bitcoin ETFs logged more than $900 million in net outflows on Thursday, with roughly $3 billion withdrawn so far this month.
- Technical and sentiment gauges deteriorated, with a reported 50-day/200-day EMA death cross for bitcoin and the Crypto Fear & Greed Index sinking to extreme fear.
- Roughly $1.2 trillion in crypto market value has been wiped out in recent weeks as mixed U.S. jobs signals, cautious Fed commentary and a slide in AI-heavy equities spurred a broader risk-off move across global markets.