Overview
- Bitcoin jumped from roughly $87,000 to above $90,000 before reversing to the mid-$80,000s during a volatile U.S. session, with rapid moves tied to shifting tech risk and thinning liquidity.
- U.S. spot bitcoin ETFs recorded about $277 million in net withdrawals on Tuesday, extending a multi-session streak of outflows that has weakened the market’s structural bid, according to Coinglass.
- Roughly $530 million in crypto positions were liquidated over 24 hours, with both longs and shorts swept up as intraday swings intensified, Coinglass data show.
- Sentiment has slid into “extreme fear” and futures positioning remains negative, signaling a bearish market structure and fragile confidence, on-chain and sentiment analysts report.
- Arkham flagged about 4,000 BTC (approximately $348 million) moving from Matrixport-linked wallets to Binance, a transfer that raises caution over near-term supply even if not all inflows reflect immediate selling.