Bitcoin Slides to $91,200 Amid ETF Outflows and Market Uncertainty
Bitcoin fell to about $91,200 following a weekly high near $94,200, pressured by BlackRock’s IBIT ETF outflows totaling $113 million. BTC futures open interest declined to $21 billion from about $25 billion a month ago, with base and funding metrics signaling cautious deleveraging.
Ether erased gains driven by Fusaka, falling approximately 2.6% from its intraday high. Other tokens such as CD20 and CDMEME declined around 5.8%. Among altcoins, TAO, HYPE, and NEAR dropped over 6.5% in the last 24 hours while ZEC (+4.7%) and TRX (+1.8%) stood out as notable gainers.
Market sentiment metrics reflected subdued risk appetite, with the Fear & Greed index at 25 out of 100 and the Altcoin Season index at 21 out of 100. BTC and broader liquidation activity reached about $280 million within 24 hours, including roughly $200 million in long liquidations. ETH led with $88 million, BTC followed with $85 million; many long positions hovered near $90,600 on Binance BTC/USDT heatmap.
In the broader market context, the European session showed weakness as U.S. equities remained flat in pre-market trading, while the FTSE 100 rose approximately 0.15%. The options market maintained a cautiously bullish stance, with 24-hour call-buy volume accounting for about 57% of total and a slight increase in 25-delta weekly call skew to around 8%.
