Bitcoin fell below $85,000 for the first time since April, briefly touching $81,600 before stabilizing near $84,000, marking its steepest monthly decline since the 2022 crypto winter. CoinGlass reported nearly $2 billion in liquidations over 24 hours, affecting roughly 396,000 traders, including a $36.7 million BTC position on Hyperliquid. Ether and Solana saw weekly losses of 14% and 10% respectively, with smaller caps hit harder. U.S.-listed bitcoin ETFs experienced $900 million in net outflows on Thursday—their second-worst day since early 2024—while open interest in perpetual futures dropped 35% from October’s peak. The Crypto Fear & Greed Index fell to 11, indicating extreme fear, as global equity markets also recorded their worst week in seven months.