The Daily: Bitcoin hits yearly low in crypto sell-off, ETFs see over half a billion dollars in outflows and more

The current total market value of cryptocurrencies is $2.99 trillion, with a 24-hour evaporation of $60.622 billion, a decline of 1.99%. Among them, the market value of Bitcoin accounts for 58.91%, and the market value of Ethereum accounts for 10.28%.

The overall cryptocurrency market capitalization sits at around $2.86 trillion on Tuesday, according to CoinMarketCap.Daily liquidations on futures exchanges that track the price of bitcoin hit $227 million on Monday, the third-largest amount since September 2024.

JUST IN: 🇺🇸 SEC acknowledges Grayscale filing to allow staking for its spot Ethereum ETF.

The OKX BTC/USD perpetual funding rate is currently 0.03%, and long positions need to pay funding fees to short positions, indicating a high sentiment in the market. AiCoin [PC - Home - Popular Rankings] has launched the "Fund Rate" ranking, which provides a list of rate arbitrage opportunities. Capital fees are an important mechanism for anchoring spot prices in perpetual contracts, used to balance long and short sentiment. When the funding rate is greater than 0, long positions pay funding fees to short positions; When the funding rate is less than 0, short sellers pay funding fees to long sellers.

At the close of the US stock market, the Dow Jones Industrial Average rose 0.37%, the Nasdaq fell 1.35%, and the S&P 500 index fell 0.47%.