The post-election euphoric rally is hitting a major wall. Digital assets are facing deep selling pressure today, triggered by an aggressive leverage purge and record institutional profit-taking.
The network layers are testing dynamic floors:
• $BTC drops 5.4% to $76,054 as short-term gamma hedging forces rapid order book liquidations.
• $ETH slides down 7.5% to $2,235, tracking massive outflows across systemic risk pools.
• $BNB tests critical support near $692 as broader centralized exchange volumes experience a chill.
• $SOL pulls back to $90.06, wiping out yesterday's localized execution premium.
The macro catalyst? US Spot Bitcoin ETFs just registered a massive $1.15 Billion in weekly withdrawals, led by heavy fund liquidations from BlackRock and Fidelity. Volatility is clearing out late-stage retail leverage—watch the spot support bands closely heading into the weekend.
The network layers are testing dynamic floors:
• $BTC drops 5.4% to $76,054 as short-term gamma hedging forces rapid order book liquidations.
• $ETH slides down 7.5% to $2,235, tracking massive outflows across systemic risk pools.
• $BNB tests critical support near $692 as broader centralized exchange volumes experience a chill.
• $SOL pulls back to $90.06, wiping out yesterday's localized execution premium.
The macro catalyst? US Spot Bitcoin ETFs just registered a massive $1.15 Billion in weekly withdrawals, led by heavy fund liquidations from BlackRock and Fidelity. Volatility is clearing out late-stage retail leverage—watch the spot support bands closely heading into the weekend.