Crypto Market Sinks as Bitcoin Falls Below $100K and ETF Outflows Surge
Over the past day, the value of cryptocurrencies has further decreased, influenced by ongoing withdrawals from Bitcoin and Ethereum Spot ETF offerings in the United States. On Tuesday, concerns about overvalued stocks impacted sentiment throughout market, a trend that swiftly spread to the digital assets sector. Bitcoin has dropped below the $100k level, representing its first decline under this point in almost 5 months. On Tuesday, market faced a downturn, influenced by extremely high stock valuations. The Nasdaq Composite saw a notable decline, decreasing more than 2 percent to close at 23,348.64. The S&P 500 fell by 1.2 percent, ending the trading session at 6,771.55. The Dow Jones saw a drop of more than half a percent, finishing at 47,085.24. Reports says that the crypto market saw liquidations amounting to $1.72 billion in the past 24 hours, with long positions making up $1.3 billion and short positions totaling $406.5 million. Liquidation happens when a trader’s positions are closed against their will because their margin account can’t support open positions anymore, usually due to significant losses or a lack of margin to meet maintenance needs.
Markets reacted to news that French semiconductor company Sequans Communications S.A. has sold Bitcoin from its treasury to settle its own debt. Following a notable decline of 16.6 percent on Tuesday, the company’s shares have recovered, demonstrating an almost 10 percent rise in Wednesday’s pre-market trading. As reported by Coinglass, the company ranks 33rd in the global Bitcoin treasury standings, with a total of 2264 BTC in its possession. Public companies currently possess a total of 1.05 million Bitcoin, which accounts for 5.24 percent of the circulating supply. Virginia-based Strategy Inc leads the pack with an impressive holding of over 641,000 Bitcoins. On Tuesday, Bitcoin-based Spot ETF products in the U.S. saw notable outflows amounting to $566 million, in contrast to the $187 million in outflows noted on Monday. Fidelity Wise Origin Bitcoin Fund experienced unprecedented outflows, reaching a staggering $357 million. On Tuesday, Ethereum-based Spot ETF products saw outflows amounting to $219 million, marking a notable rise from the $136 million in outflows noted the day before. The iShares Ethereum Trust ETF experienced significant outflows, totaling $111 million.
The total value of the crypto market has dropped by 2.1 percent overnight, currently at $3.38 trillion. During the latest overnight session, only 15 out of the top 100 cryptocurrencies achieved gains greater than 1 percent, whereas a significant 57 saw declines exceeding 1 percent. The trading volume over the past 24 hours, on the other hand, increased by 26 percent, hitting $286 billion. Meanwhile, the Fear and Greed Index, a proprietary tool to measure the prevailing sentiment in the cryptocurrency market, has fallen further into fear territory, registering a decline to 20. The same was at 27 (fear) the day before and 39 (fear) a week prior. Bitcoin saw a decline of 1.9 percent overnight, currently valued at $101,763.58, which is about 19 percent below its peak of $126,198.07 achieved on October 7. The original cryptocurrency has faced a drop of 10 percent in the last week, yet it has recorded gains of nearly 9 percent year-to-date in 2025. The trading range in the last 24 hours varied from $104,735.68 to $98,962.06. Ethereum saw a drop of 5.3 percent overnight, currently priced at $3,298.10. At the present levels, the prominent altcoin is facing a year-to-date decline of 1 percent. Ether is presently valued at a level that is 33 percent below its peak price. The trading activity over the past 24 hours varied between $3,583.34 and $3,063.09.
XRP, now in 4th place, saw a drop of 1.5 percent overnight, with its current trading price at $2.23. BNB, now in 5th place, saw a decrease of 1 percent and is currently priced at $943.34. The 6th ranked Solana experienced a drop of 2.8 percent overnight, resulting in a price of $156.20. TRON has achieved the 8th position overall, with an overnight increase of more than 2 percent, and is currently trading at $0.2861. Dogecoin, now ranked 9th, saw a decrease of 1.2 percent overnight, bringing its price to $0.1632. The value of DOGE has dropped more than 48 percent since the beginning of 2025. Cardano, now positioned at the 10th rank, saw a drop of 2.1 percent overnight, with its trading price at $0.5298. Aster is currently sitting at the 43rd rank and has surged by 9.6 percent. In the last 24 hours, the 32nd ranked Bitget Token, the 11th ranked Hyperliquid, and the 97th ranked ZKsync have all seen gains exceeding 6 percent. 56th ranked Dash managed to recover from overnight losses, standing out among the top 100 cryptocurrencies despite a decline of 26.7 percent. Decred, currently sitting at the 83rd rank, experienced a significant overnight decline of 23.7 percent.
