Key points:

• Bitcoin sinks to May low
• Ethereum, Solana hit too
• Outlook gets gloomy fast

OG coin isn’t getting love from traders. In fact, it’s carving out fresh lows last seen in May, taking its record-to-date losses to 24%.

📞 Wave of Selling Pressure

• Bitcoin BTCUSD isn’t catching a break (and the weekend’s right up ahead). The world’s largest cryptocurrency extended its slide Friday, drifting below $96,000 for the first time since May.
• It’s been a rough stretch for the OG coin, which has washed out nearly 25% of its valuation since it hit a record high of $126,000.
• Declines were widespread earlier today, as traders unwound risk, with Bitcoin carving out fresh multi-month lows and momentum indicators pointing firmly south.

🚨 Liquidations Hit Hard

• Risk appetite has deteriorated across markets, mainly risk plays like AI and tech, and leveraged crypto positions have started to snap under the stress.
• Unlike prior dips that saw dip-buyers step in quickly, traders appear hesitant this time — a sign of shifting sentiment and rising caution.
• Data from liquidation trackers shows the severity of the squeeze: in just one hour, more than $220 million in crypto positions were wiped out. In the last 24 hours, that figure rises to more than $600 million.

🌡️ Crypto Selloff Spreads

• Across the board, Ethereum fell toward the low $3,100s, adding to the market’s sad momentum as traders rotated away from high-beta assets.
• Solana slid into the mid-$140s, extending what has now become a multi-day cascade lower across alt-layer projects.

Source: Tradingview