Leveraged anti-strategy ETFs are booming as shares in the bitcoin holder slide.
Flows and on-chain data signaled defensive positioning, as crypto investment products logged $1.7 billion in weekly outflows.
Tokenized silver futures logged one of the largest wipeouts across crypto markets, overtaking the usual leaders bitcoin and ether.
The firm said unrealized losses are expected in a downturn, arguing its ethereum-heavy balance sheet is designed to track and outperform ETH over a full market cycle.
Asia’s dominance is visible across every major dataset in this report, but the U.S. is assembling the institutional engine for the next surge of global adoption, while Latin America is
Burry said crypto losses may have forced institutions to liquidate precious metals as bitcoin slid below $73,000.
Bitcoin failing to bounce soon could set the stage for "one hell of a year," one analyst said.
The sell-off was driven by risk-off positioning and heavy derivatives speculation, with futures volume surging even as spot trading declined.
An unrelenting plunge in crypto prices on Tuesday has paused after the U.S. House very narrowly passed a funding package that will now head to the president's desk for signature.
XRP fell alongside a broad risk-off move in crypto that pressured majors and high-beta tokens alike.