Crypto Retreat Deepens as Bitcoin Holds Near $113,000 and ETFs Log Back‑to‑Back Outflows

Overview

• Spot bitcoin ETFs recorded two straight sessions of net redemptions totaling about $500 million, while ethereum ETFs saw more than $200 million in outflows.
• Bitcoin trades around $113,000 and Ethereum sits under $4,170, with declines from last month’s peaks of roughly 9.6% and 15.6%, respectively.
• Roughly $1.71 billion in positions were liquidated over 24 hours earlier this week, with about 95% of those liquidations hitting leveraged longs and more than 402,000 traders affected.
• Ethereum led the liquidation totals with about $501 million, underscoring its outsized pullback versus other large‑cap tokens.
• Jerome Powell described policy as modestly restrictive and warned of a challenging backdrop, while markets look to Friday’s PCE inflation print for direction.