Bitcoin dropped sharply to $81,000, wiping out long positions, as ETF outflows intensified.

Bitcoin is trading below $91,000, with most large-caps flat or down today, despite somewhat positive jobs data from the U.S.

Crypto market capitalization is down to $3.18 trillion, while selling pressure is elevated among short-term holders.

Crypto market capitalization continues to decline as sentiment remains at extreme fear levels.

Crypto market capitalization has declined to June levels, as fears about the market’s regression continue to grow.

Over $1 billion in leveraged positions were also wiped out in the past 24 hours.

The persistent market weakness comes amid the U.S. government reopening and lingering inflation concerns.

BTC and ETH are trading relatively flat while altcoins are mixed.