Overview
- Bitcoin briefly fell toward $64,000 before stabilizing near the mid-$60,000s, extending a weekly slide and leaving the token roughly 47%–50% below its October peak.
- U.S. spot Bitcoin ETFs notched a fifth straight week of outflows totaling about $3.8 billion, while ETH investment products saw roughly $36 million in weekly redemptions, according to fund-flow trackers.
- Rapid deleveraging erased roughly $500 million to $616 million in positions across crypto, with most liquidations hitting longs in Bitcoin and Ethereum, CoinGlass data show.
- The latest drop followed tariff-policy turmoil after a Supreme Court ruling and President Trump’s move to raise proposed global import tariffs to 15%, with tensions involving Iran further pressuring risk assets.
- Sentiment slid into extreme fear as panic signals like a surge in “Bitcoin to zero” searches appeared, while traders watched $60,000 as key support and several analysts framed the decline as a macro shock rather than a structural breakdown.