BTC plummeted 2.8% in a day that saw the entire crypto market bleeding. The momentum spread to ETH, which dropped 2.5%, and SOL, swooning by 4.1%. Amid the chaos, $569M in long positions went up in smoke, with 82% of the liquidated funds belonging to bulls. As the market turned red, top gainers emerged from the wreckage: DEXE surged 12%, WLD jumped 11%, and BCH eked out a 2% gain. But for the majority, it was a one-way ticket down: NEAR lost 18%, VVV and ZEC each dropped 13%. The narrative of an AI-driven capital rotation gained traction, courtesy of Michael Saylor's label, as the world watched the ETF outflows continue.
Bulls were left reeling.