Bitcoin tapped $82,000 overnight, with liquidations at $1.80 billion over the past 24 hours.
Bitcoin ETFs saw $817.9 million in net outflows on Thursday, while Ethereum ETFs reported $155.6 million in net outflows.
The meme coin sector fell 9% over the past 24 hours to a total market capitalization of $40.6 billion amid the broader selloff.
Trader Commentary:
Analyst Crypto Tony said a potential back-test of $84,600 could offer an opportunity to re-enter short positions, with a downside target near $80,600.
Daan Crypto Trades noted Bitcoin has broken below its main support region, while the November low remains untested.
At best, bulls can hope price stalls here without strong follow-through, he said, adding that a reclaim above lost support could still act as a reversal trigger.
Ethereum also remained under pressure. Crypto Tony said he is watching for a bounce toward $2,780 to reload shorts, targeting a move back toward recent low.
Crypto Cactus described SOL as “one of the worst-looking charts,” noting it has lost the $125 level, one of its most important historical support and resistance zones, and is on track for its lowest weekly close since March 2025.
Dogecoin dropped below $0.115, falling under its 2026 yearly open and hitting its lowest level since the Oct. 10 flash crash, according to Kriss Pax.
Meanwhile, Shiba Inu’s burn activity surged, with Shibburn data showing the token’s burn rate jumped 500.7% over the past 24 hours.
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