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Key Takeaways
- Bitcoin slipped 3.5% to $121,288 after peaking at $126,198, its new all-time high. 99%+ of supply remains in profit, a euphoric zone that typically precedes mild corrections.
- Futures open interest dropped 3.75% to $91.9 billion, while $151.3 million in positions were liquidated.
- Bitcoin ETFs saw $7.78 billion in trading volume, while Ether ETFs posted $421 million in inflows.
- Ethereum traded near $4,445, down 5.3%; SOL at $219; BNB still strong at $1,291 after a record run.
- Government shutdown tensions and profit-taking fueled the short-term pullback. Structural demand and ETF flows remain firm, supporting a constructive medium-term outlook.