🟡Bitcoin slipped below $109,000, intensifying market anxiety. Altcoins followed into the red, dragging total crypto market capitalization down to $3.7 trillion, while persistent ETF outflows added pressure. BTC dominance climbed above 59%, highlighting fading appetite for alternative assets. Meanwhile, the rally in gold and silver is further pulling liquidity away from crypto.
🟡Glassnode notes signs of market exhaustion, while Matrixport points out that traders appear poised for a sharp move in either direction. Santiment warns that “buying the dip” does not yet guarantee a bottom. Analyst Miles Deutscher suggests the next peak may not arrive until 2026, whereas PlanB reminds that Bitcoin’s scarcity, coupled with ongoing fiat printing, should favor BTC in the long run.