Overview

• Bitcoin traded near $111,000–$112,000 and ether briefly fell under $4,000 before stabilizing around that level, extending weekly losses across major tokens.
• An ether whale using wallet 0xa523 saw a 9,152 ETH long wiped as price slipped, pushing cumulative losses above $45 million; ETH traders lost about $183 million over 24 hours, per CoinGlass.
• Spot ETF flows weakened, with SoSoValue tracking $241 million in redemptions from bitcoin funds and $79.4 million from ether funds on Wednesday, and analysts noting a pause in institutional demand.
• A hotter U.S. GDP revision and firmer labor data lifted Treasury yields and weighed on risk assets, with stocks and crypto sliding as odds of additional Fed easing narrowed.
• On-chain data pointed to structural accumulation, as newly created wallets bought roughly $1 billion of ETH and exchange reserves fell to their lowest since 2016, suggesting longer‑term buying beneath near‑term volatility.