Overview
- Bitcoin fell into the low $62,000s on Friday after traders sold following the Fed’s firm tone on interest rates and fresh uncertainty about U.S.–Iran negotiations.
- Derivatives stress intensified the move with hundreds of millions in long liquidations reported and roughly $2.1 billion of options expiring over the week that amplified selling pressure.
- Spot‑ETF flows turned negative as multiple providers recorded net outflows for Bitcoin and Ethereum, removing a key source of institutional demand that had supported recent gains.
- Concentrated selling hit specific tokens too: major XRP holders distributed about 30 million tokens over several days, while reports that Strategy might sell billions in Bitcoin added to market concern.
- Analysts say the $61,000–$62,000 band is the critical near‑term pivot and that a clear break below that zone would likely expose June lows near $59,000 and raise the chance of a deeper correction.