Macro-driven selloff drags BTC, ETH and DOGE lower as spot ETF outflows hit demand
Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE) fell sharply amid a broader risk-off move: the crypto market dropped ~6.2% today, taking total market cap to about $2.43 trillion. BTC led losses (~7%) and has slid over 42% from its October 2025 peak above $126,000, trading near $71,000–$80,000 during the recent selloff. ETH fell ~7% to around $2,100 and DOGE lost ~6% to about $0.10. Market-cap estimates: Bitcoin ~$1.43T, Ethereum ~$257.9B, Dogecoin ~$17.2B. Drivers cited include macroeconomic pressure, US fiscal/political uncertainty, speculation over a new Fed chair (Kevin Warsh), liquidity/rate-driven deleveraging and significant spot Bitcoin ETF outflows that cut institutional demand. The move triggered liquidation of leveraged positions and increased volatility. For traders: expect heightened short-term downside and volatility correlated with equities and macro data; monitor ETF flows, US policy headlines, and BTC support near $70–80k for potential stabilization or further downside.
Bearish
The article describes a macro-driven selloff that pushed BTC, ETH and DOGE lower, tied to equity weakness, liquidity/rate concerns, political/fiscal uncertainty and notable spot BTC ETF outflows. Those factors reduce risk appetite and institutional demand — two key supports for price — and have historically produced further downside and volatility (for example the Oct 2025 flash crash and prior ETF-driven drawdowns). Short-term impact: higher volatility, increased liquidation risk for leveraged longs, and correlation with equities could amplify moves on macro headlines. Medium-to-long term: persistent ETF outflows and continued macro stress would keep pressure on prices until flows reverse or macro outlook improves; conversely, stabilization in ETF flows or clear policy signals (Fed stance, fiscal clarity) could restore some demand. Traders should monitor ETF net flows, leveraged funding rates/liquidations, BTC support zones (~$70–80k), and US policy headlines to time entries or manage risk. Overall, immediate market impulse is bearish with risk of continued downside until key catalysts change.