Bitcoin consolidates after 3% loss as AI fears stoke fresh stock-market weakness — SkimNews
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- Bitcoin fell 3.2% Thursday to an intraday low of $80,840 on Bitstamp, then stabilized near the lower boundary of its recent $80,000-$87,000 trading range.
- U.S. spot Bitcoin ETFs saw $635 million in net outflows Thursday, the largest single-day drawdown since late June, as fund flows reacted to price moves within the local range.
- CoinGlass reported $336 million in cross-crypto liquidations over 24 hours to noon UTC, including $281 million in longs, after BTC/USD returned toward the lower boundary of its range.
- CoreWeave fell 15.5% week to date by Thursday’s close, reaching its lowest level since May 2025 after Bernstein cut its price target from $74 to $51; QCP Capital separately said neocloud credit stress had triggered broader equity weakness.
- Jensen Huang, speaking to CNBC on Thursday, said demand for capital was much greater than its availability, pointing to scarcity particularly affecting neocloud buildouts.
- KOSPI opened Friday at 5,402, fell to 5,305—its lowest level since late July—and finished the session 0.3% higher.
Why it matters: The contrast is material for U.S. spot Bitcoin ETF investors and leveraged long traders: the ETFs logged $635 million in net outflows, the largest since late June, while $281 million in longs were liquidated. Yet Bitcoin stabilized above $80,000, and the KOSPI recovered from 5,305 to finish 0.3% higher.
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