Overview

• Bitcoin trades near $113,000 after an 8%–9% slide from last week’s record, with technicians flagging $112,000 as key support and warning of further downside if it breaks.
• Coinglass data show roughly $446–$451 million in liquidations over 24 hours, erasing positions for more than 114,000 traders during the latest downdraft.
• SoSoValue reports $523 million in net outflows from U.S. spot Bitcoin ETFs in the latest session as Benzinga notes $429.7 million of outflows from spot Ether ETFs.
• Ethereum faces a record exit queue near 910,000 ETH (~$3.9 billion) that could add supply pressure, even as treasuries buy the dip with Bitmine adding 52,475 ETH (~$220 million) and SharpLink purchasing 143,593 ETH.
• XRP weakness follows large holder sales of about 460–470 million tokens in the past week to 10 days and an SEC delay pushing a spot ETF decision into October 2025.