Overview
- Bitcoin fell to six‑month lows below $95,000 and is down roughly 24% from its October record, on track for a third straight weekly decline.
- Spot bitcoin ETFs saw about $870 million in net outflows on Thursday, the second‑largest daily withdrawal since launch, with ethereum products also recording sizable redemptions.
- Rate‑cut expectations for December dropped to roughly even odds or lower, and the broader equity pullback reinforced risk‑off positioning across crypto.
- More than $1 billion in leveraged crypto positions were liquidated over the past day, while on‑chain data shows long‑term holders sold about 815,000 BTC over 30 days.
- Analysts describe a bear or consolidation regime, with key support near $96.5K–$97K and a break risking $94K–$90K, as sentiment gauges register extreme fear.