Overview
- CoinGlass data shows roughly $493–500 million in crypto positions were liquidated in 24 hours, with Bitcoin leading losses and most wipeouts hitting longs.
- Larry Fink said multiple sovereign wealth funds bought the recent dip, describing incremental purchases that included buys in the $80,000s.
- Arkham-linked on-chain tracking flagged Matrixport withdrawing 3,805 BTC from Binance within a day, a sizeable move watched for custody or accumulation signals.
- JPMorgan kept a volatility-adjusted Bitcoin target near $170,000 over six to 12 months and cut its estimated production cost to $90,000 following hashrate and difficulty declines.
- Technical analysts reported a firm rejection near $94,000 resistance, warning that failure to reclaim that level raises the risk of tests toward support bands down to roughly $78,000, as ETF outflows from BlackRock’s IBIT continue after six straight weeks totaling more than $2.8 billion.