[CoinDesk] Over $1 billion in bullish bets liquidated while ETF flows suggest no help in spot market

Crypto traders lost more than $1 billion in bullish positions over the past 24 hours as a sharp price drop forced liquidations across major derivatives exchanges, with bitcoin and ether leading the casualties. Spot ETF flows offered no offset, showing little to no net inflows as institutional buyers stayed on the sidelines during the selloff. The wipeout underscores how leveraged long positioning had built up and how thin the spot bid has become without ETF demand to absorb forced selling. Market participants will watch whether ETF inflows resume and whether funding rates reset enough to stabilize prices.