TechFlow news, according to data from K33 Research, offshore traders who were bullish over the past two weeks now hold bitcoin positions at a loss, exposing the market to potential long liquidation pressure.
Meanwhile, after the record 19-day streak of net inflows into U.S. spot bitcoin ETFs ended, bitcoin's correlation with U.S. equities has reached its highest level in 18 months. Last week, the 30-day correlation coefficient between bitcoin and the Nasdaq rose to 0.64—the first time since 2022 it has reached this level.




