The cryptocurrency market slid sharply on Friday as intense selling pressure, widespread liquidations, and major ETF outflows rattled investors. Over the past 24 hours, more than $1 billion in liquidations were recorded—adding fuel to the downward momentum.
ETF Outflows Signal Institutional Caution
Institutional appetite appears to be cooling. Bitcoin-focused ETFs saw $253.4 million in redemptions, while Ethereum ETFs faced $251.2 million in outflows. Analysts view these movements as signs that major investors are stepping back from the market.
Compounding the worry: $17–23 billion worth of Bitcoin and Ethereum options are set to expire today. Many experts warn that this could inject near-term volatility into crypto prices.
Deep Dive: What’s Happening with Bitcoin and Ethereum
Bitcoin (BTC): At press time, Bitcoin was trading near $109,506, down about 2 % over 24 hours. During the session, it oscillated between $108,713 and $112,221. Its market cap remained strong at $2.18 trillion.
Ethereum (ETH): Ethereum also faced pressure, slipping below $4,000. It traded in the band of $3,829 to $4,053, ending down nearly 1.66 %.
Riya Sehgal, a research analyst at Delta Exchange, attributed the market’s sharp decline to “massive $1 billion in liquidations,” and noted that the short-term trend remains bearish. She suggested Bitcoin would need to reclaim the range of $113,000–$115,000 to reverse sentiment.
Edul Patel, CEO of Mudrex, offered a cautiously positive view, pointing to $241 million net inflows into Bitcoin ETFs as a possible support for the market. He added that bulls need to defend $110,000, with fresh support forming around $107,500, to maintain an upward trajectory.
The broader altcoin market mirrored the weak sentiment. Among the hardest hit was Story (IP), plunging 28 %, making it the day’s biggest loser. Other notable declines included Astar (ASTER), Avalanche (AVAX), Flare (FLR), 0G, Zcash (ZEC), Quant (QNT), Solana (SOL), and more—many falling by up to 15 %.
Despite widespread losses, a handful of altcoins held up or even gained ground. OKB, Kaspa (KAS), Mantle (MNT), Cronos (CRO), Tether Gold (XAUT), and PAX Gold (PAXG) were among the few tokens that saw gains, rising by as much as 7 %.
Note: The crypto market remains volatile and sensitive to macro trends, derivatives expirations, and investor sentiment. Traders and investors should stay alert to potential reversals and key support levels.
Hi Friends! I am Rohit Yadav, a web developer, digital marketer and blogger from Chandpatti, Azamgarh (U.P). I love to write a blog and share our thoughts and knowledge with other peoples.
