Overview
- Bitcoin fell 2.6% to about $107,854 early Tuesday after a failed bounce above $111,000 earlier in the week.
- Roughly $1.2 billion in leveraged positions were liquidated over 24 hours, including about $458 million tied to bitcoin and $278 million to ether, per CoinGlass.
- Spot funds saw continued withdrawals, with $40.5 million exiting bitcoin ETFs and $145.7 million leaving ether ETFs on Monday after a $1.23 billion weekly outflow from bitcoin products last week.
- Risk appetite deteriorated further as fear gauges fell to 29, the total crypto market value hovered near $3.67 trillion, and major altcoins logged additional declines, including ether to $3,855.
- Traders pared exposure on U.S.–China trade uncertainty as markets leaned toward a 25 bp Fed cut this month per CME FedWatch, with some institutions reportedly buying the dip such as BitMine and Strategy.