🔻 Crypto Market Dips as Bitcoin Falls Below $111K — Fear Returns to the Market
The global cryptocurrency market is facing a sharp correction today, with the total crypto market capitalization falling 1.4% to $3.88 trillion.
Trading volume, however, remains high at $194 billion, signaling elevated market activity despite the drop.
📊 Quick Summary
- Global crypto market cap down 1.4% on Thursday morning (UTC)
- 93 of the top 100 and 9 of the top 10 coins are in red
- Bitcoin (BTC) dropped 2.2% to $110,774
- Ethereum (ETH) fell 4.4% to $3,993
- Solana (SOL) down 6.8%, XRP down 5.5%
- Tron (TRX) is the only top-10 gainer, up 0.4%
- A dormant wallet moved 2,000 BTC ($222M)
- US BTC spot ETFs saw $94M outflows, while ETH ETFs gained $5.3M inflows
- Crypto fear index falls to lowest level since April — deep in the “fear zone”
🔥 Market Overview: Red Across the Board
Out of the top 100 cryptocurrencies, 93 are in the red over the past 24 hours.
- Bitcoin (BTC): down 2.2% to $110,774
- Ethereum (ETH): down 4.4% to $3,993
- Solana (SOL): biggest drop among majors, down 6.8% to $192
- XRP: down 5.5% to $2.39
- Tron (TRX): the only gainer, up 0.4% to $0.3216
Among smaller coins:
- Bittensor (TAO) plunged 14.2% to $388
- Aster (ASTER) and Story (IP) dropped 12.8% and 10% respectively
- On the positive side, ChainOpera AI (COAI) surged 53.1%, while Provenance Blockchain (HASH) and Figure Heloc (FIGR_HELOC) rose 5.4% and 3.2%
🕵️♂️ Whale Activity: Dormant Bitcoin Wallet Awakens
A long-inactive Bitcoin wallet just moved 2,000 BTC (≈$222 million) into 51 new addresses.
This has sparked speculation about whether early holders are preparing to sell or simply reorganizing their funds.
“Of these, 50 wallets received 37.576 BTC each, while one wallet received 121.18 BTC,” — Onchain Lens
🧠 Analyst Insights: “Market Risks Deeper Contraction”
According to Glassnode analysts, Bitcoin’s reversal from $126K was triggered by macro stress and a massive $19B futures deleveraging — one of the largest in history.
The fall below the $117K–$114K cost-basis zone has put many top buyers in loss and highlights market fragility.
ETF inflows are also weakening, suggesting fading institutional demand.
“This latest contraction is concerning. Without a renewed catalyst to lift prices above $117K, the market risks deeper contraction toward $108K,” the report warns.
Historically, failing to hold this range often precedes longer-term corrections.
💹 Technical Levels to Watch
Bitcoin (BTC):
- Resistance: $114,600 → $117,600 → $119,800
- Support: $109,500 → $108,000 → $100,000
Ethereum (ETH):
- Currently at $3,993
- Resistance: $4,200 → $4,450
- Support: $3,700 → $3,550
Both BTC and ETH have been consolidating within tight ranges, but increased volatility could trigger stronger directional moves soon.
🧭 ETF Flows: Bitcoin Outflows, Ethereum Inflows
- US Bitcoin Spot ETFs: $94M outflows (led by Grayscale: -$82.9M)
- US Ethereum Spot ETFs: $5.3M inflows (led by Bitwise and Fidelity)
Despite the broader downturn, Ethereum ETFs are showing mild accumulation, contrasting Bitcoin’s fading inflows.
🏦 Institutional Moves: BitMine and Erebor Bank
- BitMine Immersion Technologies purchased 104,336 ETH (~$417M), bringing total holdings to 3.03M ETH (~$12.2B).
The firm targets holding 5% of Ethereum’s total supply. - Meanwhile, the US Office of the Comptroller of the Currency (OCC) granted preliminary conditional approval to Erebor Bank, backed by Peter Thiel and other major investors.
😟 Market Sentiment: Deep in Fear Zone
The Crypto Fear and Greed Index fell sharply, reaching its lowest level since April.
Traders are increasingly cautious — a potential sign of further downside but also a setup for long-term accumulation.
“Despite rapid stabilization, the market remains in a reset phase,” Glassnode concludes.
“Renewed ETF inflows and on-chain accumulation will be key to restoring confidence.”
📈 Stocks vs Crypto: Diverging Trends
While the S&P 500 and Nasdaq-100 both posted modest gains, crypto markets moved in the opposite direction — largely due to renewed trade tensions between the US and China, which spooked risk assets globally.
🧩 Final Thoughts
The crypto market is clearly in a reset phase — marked by high volatility, weak institutional demand, and shaken investor sentiment.
However, historically, such “fear zone” moments have often preceded strong recoveries once macro pressures ease.
💬 What’s Next?
Keep an eye on:
- Bitcoin’s support at $108K
- ETF inflow/outflow trends
- Institutional buying (BitMine, etc.)
- Fear & Greed Index rebound
📰 Stay tuned to DailyGrowth360 for the latest crypto updates, trading insights, and market analysis.