Overview
- U.S. spot Bitcoin ETFs logged $869.86 million in net withdrawals, the second-largest daily outflow on record, with roughly $2.64 billion redeemed over three weeks; Ether ETFs saw about $260 million pulled while Solana products drew small inflows.
- Bitcoin fell as low as roughly $94,500–$96,000 on Friday, marking six-month lows and a drop of more than 20% from October’s record high.
- More than $1.1 billion in leveraged positions were wiped out in about 24 hours, with nearly 250,000 traders liquidated, according to CoinGlass.
- Market depth has thinned by about 30% by Kaiko’s estimate, on-chain data show increased distribution from older holders, and Arkham tracked a whale-linked transfer of 2,400 BTC to Kraken.
- Analysts highlight $93,000–$95,000 as key support and say a decisive reclaim of roughly $101,000 would be needed to argue for a reversal, as odds of a December Fed rate cut have fallen to near 50% and risk assets stay under pressure.