Overview
- The crypto market shed roughly $80–100 billion in value as Bitcoin retreated from near $116,000 to the $110,000 area after the Federal Reserve’s 25 bps cut and Powell’s guidance.
- Liquidation trackers reported heavy derivatives washouts, with about $821 million cleared over 24 hours and most losses hitting long positions.
- Price action remains rangebound in a $110,000–$116,000 corridor, and analysts warn that a break below the $110,000–$112,000 band could open a slide toward the $106,000–$108,000 zone.
- Spot ETF flows turned choppy with a sharp single-day outflow reported on Wednesday, though banks and analysts still cite cumulative inflows as a potential anchor for a six‑figure floor if sustained.
- Open interest has rebuilt and funding rates normalized, increasing event sensitivity, while on‑chain and exchange metrics show renewed stablecoin liquidity and signs of accumulation on major venues.