Every Zipp story tagged #LeverageFlush, newest first.
Bitcoin's break below $81K marks the largest long-side wipeout in months, with short-term holders sending 45,600 BTC to exchanges at a loss as ETH took the worst damage.
The BlackRock CEO framed the recent washout as a healthy deleveraging, not a structural crack, and pinned a 12-month bullish thesis on tech-driven margin expansion across markets.
BlackRock's CEO reads the flush as excess derivatives positioning, not weakening demand, with ETF flows and macro catalysts now the scoreboard traders care about.
The slide is incremental on a 30-day basis, but it lands inside Q2's third straight losing quarter and the largest ETF outflow since launch, which is the larger tape the leverage flush is happening…
Open interest has fallen from $1.3B to under $150M and long liquidations ran 832% above the three-month average, so the bid now has to come from ETFs and active addresses, not crowded leverage.
The 3% drop was driven by Nikkei weakness and a leverage flush, not isolated BTC flow, with long/short taker volume tilting 51/49 toward buyers despite the slide.
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