US Crypto ETFs Shed $166.78M as Bitcoin Risks Slide to $75K
- —Bitcoin ETFs lost $82.39M, with IBIT shedding $71.78M and Fidelity $10.61M
- —Ethereum ETFs bled $69.68M for a third straight day, all from BlackRock's ETHA
- —Solana ETFs lost $12.67M and XRP ETFs $2.47M, while NEAR ETFs drew $2.61M
- —Bitcoin open interest climbed 4.5% as price dropped 2.68%, signaling crowded longs
Why it matters: Rising leverage into a falling market raises the risk of forced long liquidations that could accelerate a drop toward $75,000.
Source: Blockonomi