Factor 1 (Supply): Long-Term Holders (LTHs) sold 815,000 BTC (worth $79B) in the last 30 days in a “late-cycle” profit-taking wave. Factor 2 (Demand Failure): U.S. Spot ETFs registered a massive $869 million outflow on Thursday, failing to absorb the supply. Factor 3 (Macro): A 2.3% Nasdaq drop and collapsing Fed rate cut hopes (from 49% to 20%) intensified the “risk-off” mood, triggering the final liquidation flush. The crypto market enters another deep red session today. Bitcoin dropped 6% in 24 hours, trading around $96,466, extending a 13.4% monthly decline. The move triggered widespread liquidations and renewed concerns about weakening risk appetite across global markets. $1.02B in Liquidations Hit the Market In the past 24 hours, 236,870 traders were liquidated, wiping out $1.02 billion in positions. The largest single liquidation occurred on HTX, wher… Read The Full Article Why Is Crypto Down Today? $79B in LTH Selling and $869M ETF Outflows Trigger $1B Liquidations On Coin Edition .
