Multiple negative factors resonate, BTC loses the $60k mark.

U.S. spot BTC ETF had a single-day net outflow of $691 million, the largest one-day capital flight since late May, with institutional buying significantly receding.

Coupled with the concentrated delivery of $10.6 billion in massive options on Friday, bears took the opportunity to suppress the market.
Over the past 24 hours, total liquidations across the network exceeded $1.1 billion, with $875 million in long positions liquidated in a chain reaction, causing a massive stampede of leveraged longs.

Bitcoin has fallen from its all-time high of $126,080, with the decline nearly halved. The current price is $59.4k, with a 24-hour range of $58,189–$60,724, and the total market cap has fallen to $1.18 trillion.

LAB and AAVE have completely reversed and surged, completely ignoring the overall market trend. It's still the altcoin bull market 🐮

Market volatility on delivery day will further amplify. Short-term panic is not over yet, so do not rush to buy the dip.