The crypto market's total capitalization dropped 1.1% to $3.02 trillion with most major coins, including Bitcoin and Ethereum, experiencing losses. Institutional activity reflects net outflows in US spot Bitcoin and Ether ETFs, driven particularly by BlackRock’s IBIT. Despite the downturn, Bitcoin maintains key support near $85K–$86K, while market sentiment remains weak with the Fear & Greed Index at 27.