Bitcoin ETFs bled $95 million on Thursday, while ether funds shed $52 million and snapped a five-day inflow streak, per SoSoValue data. Fidelity's FBTC led the bitcoin outflow with roughly $63 million, and BlackRock's IBIT was flat.
Long-term holder capitulation hit $280 million per day, the highest since December 2022, according to Glassnode. These holders now account for 43% of realized on-chain value, up from 15% in February, making them the dominant source of...