BTC hits a new low on the annual line; ETFs see a weekly sell-off of nearly $1.8 billion—institutions are also running. How far is this bottom still?

BTC1.10%
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AriaNaka
It has been a wild week for the crypto market.

- Bitcoin hit a new yearly low of $58,126, wiping out $150 BILLION in market cap.

- $ETH dropped to $1,510, erasing $31 BILLION.

- Bitcoin ETFs sold $1.79 BILLION worth of BTC, the second-largest weekly sell-off since launch.

- Almost $2.5 BILLION in long positions has been liquidated.

- Saylor and Tom Lee’s combined unrealized losses hit $24.5 BILLION.
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