Overview
- Bitcoin fell back toward $75,000 after dipping to roughly $73,000, marking a drawdown of about 40% from October’s peak and the weakest levels since late 2024.
- Derivatives markets saw roughly $2.5–$2.56 billion in forced liquidations in recent days, turning a weekend slide into cascade selling.
- U.S. spot bitcoin ETFs logged about $2.15 billion in net outflows over two weeks, then recorded a $561.8 million net inflow on Monday led by BlackRock’s IBIT and Fidelity’s FBTC.
- Risk-off conditions spread across assets as tech and AI-linked stocks sank, while gold and silver rallied sharply; Galaxy Digital reported a $482 million Q4 loss as crypto equities slid.
- Chart watchers flag a bearish channel with resistance near $80,000 and demand near $74,500, with some analysts eyeing the 200-week moving average around $58,000 if downside resumes.