– Bitcoin ETFs see $870M outflow, second-largest on record – Bitcoin price drops to $96K, causing $1.10B in liquidations – Ethereum ETFs report $260M outflows for third consecutive day – Solana ETFs record $1.49M inflows amidst broader market sell-off – Short-term traders dominate BTC selling, 9.79K BTC sold – Long-term holders remain steady with minimal selling of 0.19K BTC – Weak momentum as Bitcoin price falls and volume dries up – Stablecoin dominance rises as capital waits for future deployment – Swissblock suggests potential BTC buy opportunity if it reclaims $100K

US spot Bitcoin ETFs experienced $870 million in net outflows, the second-largest daily outflow recorded.
The sell-off coincided with a Bitcoin price drop to $96,000, leading to $1.10 billion in liquidations over 24 hours.
Ethereum ETFs faced $260 million in outflows, marking their third consecutive day of outflows.
Solana ETFs bucked the trend with inflows of $1.49 million.
Short-term traders are driving the sell-off, contributing significantly to the selling pressure on https://holder.io/coins/btc/.
CryptoQuant data shows short-term holders sold 9.79K BTC, while long-term holders sold only 0.19K BTC.
A divergence between Bitcoin prices and volume was noted, with prices dropping without significant buying flows.
Stablecoin dominance is increasing as funds shift into stablecoins, waiting for future opportunities.
Bitcoin is holding within the $97K-$98.5K range, with potential movements predicted towards $95K or above $100K.