The Leverage Purge: How $8.55B in Liquidations Reset the Market $8.55 billion liquidated in 57 days. Over two-thirds - $6.08 billion - came from longs. The market was crowded on one side, and when the price turned, the unwind was violent. October 10 was the breaking point. $2.28 billion was wiped out in a single day as cascading liquidations triggered more liquidations. Overleveraged bulls who had chased the rally to $125,000 got margin called on the way /down. Price fell from $117,125 to $88,575 - a 24.4% drawdown that erased months of gains in weeks.
The ETF Exodus Decoded: Basis Arbitrage, Not Capitulation Bitcoin’s sharp ETF outflows and 35% price drawdown look like institutional capitulation — but the underlying data shows something very different. The selling was highly concentrated among a few issuers and tied to a mechanical basis trade unwind, not broad investor fear. This report breaks down the flows, the arbitrage dynamics, and what they signal about who’s actually leaving and who’s still accumulating.
Amberdata Digital Asset Snapshot: BTC Volatility, ETF Inflows, & Altcoin Risks Our comprehensive weekly coverage of price action and volatility, trading volumes and market structure (orderbook depth/spreads), derivatives markets (open interest, funding rates, long/short positioning, term structure/basis), institutional flows (Bitcoin ETFs, stablecoin supply across chains), and DeFi credit markets (lending protocol TVL, utilization, liquidations).