According to @KobeissiLetter, Bitcoin (BTC) dropped below $85,000. Source: https://twitter.com/KobeissiLetter/status/1995485365096866000. According to @KobeissiLetter, 24-hour leveraged position liquidations reached $800 million. Source: https://twitter.com/KobeissiLetter/status/1995485365096866000.

According to @CryptoMichNL, the Ethereum ETF has experienced a significant outflow of $800 million on its second day, which is about 8% of the actual trust. This outflow is attributed to Grayscale's Trust. The market is expected to reverse upwards once this outflow reduces to below $100 million.