Markets are feeling the heat after a sharp flush saw over $9.4 billion in liquidations

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Markets are feeling the heat after a sharp flush saw over $9.4 billion in liquidations within 24 hours, echoing the volatility of 2021.

Bitcoin and major altcoins pulled back as traders reassess ETF flows and macro signals, while XRP slipped around 3% despite strong ETF debut volumes.

Analysts say the key themes remain ETF flows, macroeconomic cues, and institutional accumulation as the market navigates a volatile but structurally bullish environment.

Meanwhile, RWA tokenization is emerging as a key bridge between traditional finance and crypto.

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