Overview

• Roughly $1.6–$1.8 billion in positions were liquidated in one day, with about $1.59 billion in long bets wiped out across major exchanges.
• Ethereum saw the largest nominal hit with roughly $496–$500 million in long liquidations as it retested support near $4,100, while Bitcoin’s long liquidations were about $285 million.
• Bitcoin briefly fell under $112,000 and is stabilizing in the low $112,000s, as Ethereum trades around $4,100–$4,200 and total crypto market value hovers near $3.95–$3.98 trillion.
• Derivatives signals turned defensive with negative funding rates, sliding open interest, and heightened demand for puts pushing short-term options skew to bearish levels.
• Contrasting flows persist as CryptoQuant flags elevated exchange inflows that suggest near-term selling pressure, even as BlackRock’s ETH fund logged $512 million of net inflows last week and BitMine increased its holdings to about 2.416 million ETH, over 2% of supply.