📌 First, here's what matters

The crypto market has been “bloodbath-ed,” mainly due to rising expectations of multiple Fed rate hikes, continued ETF outflows, and tech stock sell-offs.

ETF flows have been one of the main themes during this period, and changes in those flows are worth watching more closely than daily price movements.

📌 Major coin performance

$BTC 64,376.53 (-5.04%)

$ETH 1798.92 (-5.76%)

BNB 587.9 (-6%)

SOL 70.81 (-6.88%)

The drop has been steep, so don't rush to buy the dip.

📌 24-hour gains and losses

Top gainers: EVAA +48.18%, SOPH +25.18%, PIEVERSE +11.37%

Top losers: KAVA -60.7%, AGT -29.35%, BERA -24.19%

📌 What everyone's talking about

#Kava称异常跨链活动仅限KavaLend#美国现货XRPETF周流出创8个月新高

📌 Today's top stories

1. Tom Lee: Factors include the tech stock sell-off, liquidity being squeezed by Anthropic's IPO, and some holders cashing out after $6.3 billion was stolen from Binance…

📌 Market sentiment

Fear & Greed Index: 10 (Extreme Fear), down 3 from yesterday

Over the past hour, $50.05 million in positions were liquidated across the market, with longs accounting for 93.7%

📌 My take

Finished reading the morning briefing? Remember to check your wallet, too.

What do you think of today's market? Share your thoughts in the comments.