Overview

• Bitcoin slid more than 2.5% to roughly $115,170, marking its first close below the $116,000 support since July 10.
• Liquidations topped $731 million within 24 hours, with Bitcoin longs accounting for about $150 million, according to CoinGlass.
• Bitcoin open interest climbed to a record $44.5 billion as traders increased leveraged positions in futures and perpetual contracts.
• Galaxy Digital intensified selling pressure by offloading over 12,800 BTC, including 10,000 BTC ($1.18 billion) and 2,850 BTC ($330 million) onto exchanges.
• Ether, Solana and XRP each fell 2%–3% alongside a 0.7% drop in the Dow Jones, though analysts characterize the move as a healthy retracement rather than a reversal of the bull trend.