Why are Bitcoin, Ethereum and XRP crashing as crypto liquidity dries up?
Bitcoin fell below $69K as Ethereum, XRP and Solana also dropped, with $14.2B in stablecoin withdrawals, ETF selling and Nvidia turmoil cited as drivers. The broad liquidity drain across major tokens signals risk-off positioning rather than an isolated move. Traders should watch stablecoin flows and ETF activity for signs of stabilization.