Overview
- U.S. spot bitcoin ETFs saw $869.86 million in net withdrawals in a single day, with roughly $2.64 billion pulled over three weeks, while ether ETFs recorded about $259.72 million in outflows.
- Bitcoin fell below six figures and traded around $96,000–$97,500, and more than $1.1 billion in leveraged positions were liquidated in 24 hours, with nearly 250,000 traders affected.
- On-chain data show long‑term holders now distributing roughly 26,000 BTC per day, up from about 12,000 in early July, which some analysts characterize as orderly late‑cycle profit taking.
- Arkham tracked a large whale move as trader Owen Gunden transferred 2,400 BTC (about $237 million) to Kraken, adding to exchange supply signals.
- Analysts say the market is testing the $95,000 HODL wall, with $93,000 flagged as a make‑or‑break level that could open a path toward $85,000–$82,000 if it fails.