Overview
- Bitcoin traded near $65,000, about 48% below its late‑2025 peak, as the Crypto Fear & Greed Index fell to a record low of 5.
- Standard Chartered lowered its year‑end bitcoin target to $100,000 and projected a possible trough around $50,000 in the coming months, with ether potentially near $1,400.
- Crypto moved in step with U.S. equities as the Nasdaq declined and the software ETF fell 3%, reinforcing the asset’s renewed risk correlation.
- Derivatives stress persisted, with roughly $280 million in liquidations over 24 hours and bitcoin futures open interest sliding to about $44–45 billion, the lowest since late 2024.
- Spot ETF redemptions continued and on‑chain data showed elevated whale inflows to exchanges during the selloff, pointing to sustained institutional de‑risking.