A volatile session sent crypto markets lower before a partial rebound. Bitcoin briefly dipped to $108,000 then bounced, triggering roughly $758 million in liquidations across the market. At the same time, Ethereum ETFs registered more than $1 billion of inflows over three days, highlighting persistent institutional demand.
Several funds and companies are reallocating capital into crypto. One strategy reportedly purchased $357 million of BTC, while firms like Sequans are planning or building sizeable bitcoin treasuries (Sequans: $200 million). Pantera is seeking about $1.25 billion to set up a Solana treasury, and ETHZilla approved a $250 million share buyback. In some cases, buybacks now account for an outsized portion of fee usage — noted at roughly 99% in certain strategies.
Industry moves continued beyond treasuries: Bitwise filed for a LINK ETF; Gemini edged past Coinbase in an app-store flip; and reports say the CFTC chair is set to join Moonpay. On-chain developments include about $2.2 billion of tokenized gold on Ethereum and a reported $740 million of BTC held by Citadel Mining in the UAE.
Why this matters: short-term price swings are producing forced liquidations, while simultaneous long-term flows from ETFs and corporate treasuries point to increased institutionalisation. Those forces can coexist—driving volatility in the near term while potentially improving liquidity and adoption over time.
Risk reminder: crypto markets remain highly volatile. This article is informational only and not investment advice. Always do your own research and consider risk-management strategies before trading or allocating capital.
Source: Decrypt. Read the original coverage for full details.
