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Aave added 1,806 new wallets on Ethereum within 24 hours, marking the highest single-day network growth since October 2021. (Santiment)

Last week, spot Bitcoin ETFs saw a net outflow of $1.79 billion, marking the third-largest weekly outflow in history, only surpassed by the extreme redemptions following the FTX collapse and the LUNA crash. Combined with a single-day outflow of $696 million and eight consecutive days of net outflows, BlackRock IBIT led the decline, with cumulative outflows soaring to $12 billion; ETH ETFs also posted seven consecutive weeks of net outflows totaling $273 million. 【Market】According to AiCoin data, BTC is currently trading at 58,999 USDT. Over the past 24 hours, it has repeatedly fallen below the key 59,000 support level, with $457 million in liquidations across the network in just one hour, long positions facing brutal wipeouts; BTC has retraced 53% from its peak, with 10.83 million loss-making coins hitting a record high, and Strategy cash reserves down 38%. 【Strategy】Do not catch falling knives if support is broken; 59,000 has turned from support into resistance, next levels to watch are 57,000 / 54,000; consider going long only after stabilization on reduced volume. For the medium term, focus on ETF capital inflows/tides and the Clarity Act vote; for the long term, pay attention to institutional holdings, BlackRock Aladdin + Ethena interoperability, and the persistent central bank de-dollarization narrative. For contracts, strictly keep position leverage under 3x.

CryptoQuant pointed out that negative sentiment towards Ethereum and the rise in staking absorption rate are putting short sellers at risk of a squeeze. (Cointelegraph)