What happened?
The crypto market rose about 3% today, lifting total market cap to roughly $3.85 trillion with trading volume near $160 billion. Seven of the top ten coins were in the green, with Bitcoin around $110,800 and Ethereum near $4,040. At the same time, US spot BTC and ETH ETFs saw significant outflows and the Fear & Greed index slipped into the “Fear” zone at 30.
Who does this affect?
Short-term traders feel the immediate impact as momentum and volatility create trading opportunities and risks. Long-term holders are influencing prices by taking profits, and institutional investors saw big ETF outflows that can change liquidity and sentiment. Altcoin holders and DeFi users also feel it since shifts in sentiment and capital flow affect TVL and token performance across the market.
Why does this matter?
This matters because ETF outflows and selling by long-term holders can cap upside and make rallies harder to sustain, increasing the chance of sharper pullbacks. Key support and resistance levels (around $108k for BTC and $4,100 for ETH, with upside targets near $113kâ$125k and $4,500â$5,000 respectively) will likely dictate whether the market recovers or slides. Overall, the drop in sentiment means markets could stay choppy and see rotation of capital until confidence and institutional flows stabilize.