US markets sold off with the S&P 500 down 1.2% and Nasdaq dropping 1.8% as technology stocks led declines following warnings from Capital Group, Goldman Sachs, and Morgan Stanley about stretched valuations after one of the best six-month stretches since the 1950s, with the Magnificent Seven tumbling 2.2%, Tesla falling 4.4% on Norway's sovereign wealth fund opposing Musk's $1 trillion pay package, and Palantir plunging 8% despite raising outlook as hedge fund manager Michael Burry disclosed bearish bets against Palantir and Nvidia, while the VIX volatility gauge rose to 18.87. Job openings in October slumped to the lowest level since February 2021, Indeed measure shows: Under normal conditions, the BLS on Tuesday would have reported its monthly Job Openings and Labor Turnover Survey, indicating a significant decline in job openings. European markets fell 0.3% with the Stoxx 600 declining as Telefónica plunged 13% (its worst day in years) after cutting cash flow targets and halving its 2026 dividend, dragging the telecom sector down 1.7%, while mining stocks led declines with Rio Tinto, Glencore, and Anglo American contributing to the basic resources sector's 2% drop on copper price falls and Fed policy uncertainty, though Ferrari gained 3.2% on robust earnings beating expectations.
US Spot ETF Flows
Asset
Daily Inflow
Daily Change
Weekly Inflow
Total Assets
Daily Volume
BTC ETFs
$-577.7M
+209.8%
$-764.2M
$134.5B
$8.9B
ETH ETFs
$-219.4M
+61.6%
$-355.1M
$21.1B
$4.2B
US BTC Spot ETF Flows
US ETH Spot ETF Flows
Crypto Liquidations Summary
Liquidation Type
Value
% of Total
24h Change
Total Liquidations
$1.71B
-
$+400.59M (+30.57%)
Shorts
$382.78M
22.4%
$+244.77M (+177.36%)
Longs
$1.33B
77.6%
$+155.82M (+13.29%)
BTC
$518.67M
30.3%
$+121.57M (+30.61%)
ETH
$587.79M
34.3%
$+230.43M (+64.48%)
Bullish's new crypto options platform has achieved $82 million in trading volume within five days of its launch, drawing significant participation from institutional traders who are driving its early success.
Ripple's US dollar-pegged stablecoin, RLUSD, has entered the top 10 stablecoins by market capitalization, surpassing $1 billion in market cap less than a year after its launch.
The bitcoin price plummeted to a four-month low below $100,000 as sellers overwhelmed buyers, with analysts attributing the decline to the aftermath of the October 10 sell-off finally surfacing.
On Monday, spot SOL ETFs recorded a daily high of $70 million in inflows, the highest since launching, taking the total spot ETF inflows to $269 million since its debut on Oct 28.
Forward Industries, the largest corporate holder of Solana with 6.8 million SOL ($1.1 billion), authorized a $1 billion share repurchase program on Monday to return value to shareholders amid market volatility, though its stock plunged nearly 20% on Tuesday as crypto treasury companies face mounting valuation pressure with enterprise values falling below their underlying crypto holdings, reducing market net asset values (mNAV) according to Standard Chartered analysts.
Sequans shares fell 16% on Tuesday after the chip maker announced it had sold 970 Bitcoin to redeem half of its $189 million outstanding convertible debt.
