Overview

• Bitcoin edged back above $115,000 after a macro-driven selloff triggered over $1 billion in leveraged liquidations last week.
• Bitwise reported $18.74 million in net ETF inflows today, marking a potential reversal of recent outflows.
• Traders on Polymarket assign almost even odds of a drop below $100,000 before year-end, underscoring persistent tail risk.
• On-chain data show more than 56 million whale transactions on Binance, with thin order books magnifying price swings.
• Long-term holders maintain significant unrealized gains with a NUPL ratio above 0.5, underscoring foundational support.