According to ChainCatcher news and the latest report from 10x Research, the recent dumping has been mainly driven by Spot selling rather than Margin Trading, indicating that even as the falling momentum slows down, demand remains weak. The volume remains high, and the slowing rise of stablecoins (especially the outflow of USDC) suggests that funds continue to flow from Crypto Assets to fiat currency.
Among them, Bitcoin faces further pressure from liquidation, distribution by large holders, outflows of ETF funds, and changes in macro policy expectations. Ethereum weakened, as outflows of ETF funds and a collapse in derivatives positions offset positive news such as BlackRock's staking ETF application.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BNP Paribas Set to Debut Bitcoin, Ethereum ETNs in France Today
BNP Paribas will launch six crypto ETNs for Bitcoin and Ethereum in France, targeting retail and private clients. The products provide indirect exposure under MiFID II regulations, reflecting the bank's blockchain strategy and rising retail interest in crypto investments.
CryptoFrontNews28m ago
Bitcoin Faces Extended Weakness Below Key Cost Basis
Bitcoin struggles below the $72.5K realized price, indicating resistance and prolonged bearish sentiment. Repeated rejections at $71K and a drop to $66K demonstrate strong selling pressure. Indicators suggest fragile recovery, with risks of further declines if support fails.
CryptoFrontNews31m ago
