Bitcoin Slips Below $88,000 as ETF Outflows Mount and Liquidations Spike

Overview

• Bitcoin traded near $87,800 after a weeklong pullback, with intraday prints in the mid-$86,000s reported as volatility picked up.
• Roughly $135 million in crypto longs were wiped out in one hour and about $224 million over 24 hours, reflecting stressed leveraged positioning.
• U.S. spot Bitcoin ETFs recorded about $1.72 billion in net outflows over five sessions, including $103.5 million on Friday, according to Farside data.
• On-chain readings show seller fatigue and concentrated buying, with the Growth Rate Difference improving to about −0.0009, Accumulator Address Demand at a record high, and a Liquidity Inventory Ratio near 3.8 on U.S. exchanges.
• Sentiment slid to Extreme Fear at 25 as traders watch the Federal Reserve’s rate decision, megacap tech earnings, and U.S. funding brinkmanship, with some analysts flagging support near $86,500 and cautious projections toward $80,000 if weakness persists.