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Bitcoin ETFs Erase $5.8 Billion Deficit: Data

<p class="text-left mb-4 ">Year-to-date net flows into U.S. spot Bitcoin ETFs have turned positive again. A cumulative net outflow of $5.8 billion in July has shifted to approximately $800 million in net inflows following purchases in recent months. These figures represent the balance between money entering and leaving the funds throughout 2026, rather than a single day’s activity.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Bitcoin ETFs Record Six Consecutive Days of Inflows</h2><p class="text-left mb-4 ">According to SoSoValue data reported on September 25, the funds recorded net inflows for six consecutive trading sessions. Total inflows over that period reached $2.84 billion.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-09-25-232404-01f1d3b3.webp" alt="Ekran görüntüsü 2026-09-25 232404.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">Year-to-date net flows had hit a low of negative $5.8 billion on July 13. The subsequent recovery offset earlier withdrawals and brought the total back into positive territory.</p><p class="text-left mb-4 ">However, approximately $800 million in year-to-date net inflows remains below previous annual totals. U.S. spot <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noopener noreferrer" class="text-primary underline">Bitcoin</a> ETFs attracted $35.2 billion in net inflows in 2024 and $21.4 billion in 2025. The comparison also needs to account for the fact that 2026 is still underway.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">BlackRock Leads Inflows in the Latest Session</h2><p class="text-left mb-4 ">According to figures reported by CryptoNews, spot Bitcoin ETFs attracted $190.7 million in total net inflows on September 24. BlackRock’s IBIT accounted for the largest share, bringing in $162.6 million.</p><p class="text-left mb-4 ">Fidelity’s FBTC received $12.9 million, while Morgan Stanley’s MSBT attracted $10.2 million. Bitwise’s BITB added $4.1 million, and Franklin Templeton’s EZBC took in $4.9 million.</p><p class="text-left mb-4 ">Meanwhile, WisdomTree’s BTCW recorded $4 million in outflows. Although individual funds saw flows in different directions, the combined daily total remained positive.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Net Inflows Do Not Measure Investor Profits</h2><p class="text-left mb-4 ">The closing of the “deficit” does not mean ETF investors have recovered their losses. Net flows measure the difference between money entering and leaving funds over a given period; investor returns depend on purchase prices and changes in share values.</p><p class="text-left mb-4 ">Similarly, total assets under management and net inflows measure different things. A rise in Bitcoin’s price can increase the dollar value of a fund’s holdings without any new money entering. Treating every increase in fund assets as fresh investor demand can therefore lead to misleading conclusions.</p><p class="text-left mb-4 ">Daily trading volume is another separate measure. ETF shares changing hands on an exchange can generate substantial volume, but that activity does not necessarily represent new money entering the fund. Reading flow data alongside trading volume and total assets provides a clearer picture.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">What Do Positive Flows Mean for Bitcoin’s Price?</h2><p class="text-left mb-4 ">ETF inflows are one indicator used to track demand for Bitcoin through exchange-traded products. These funds allow investors to gain exposure to Bitcoin’s price through brokerage accounts without opening an account on a cryptocurrency exchange.</p><p class="text-left mb-4 ">However, positive net flows do not guarantee that Bitcoin’s price will rise on the same day. Selling in spot markets, changes in futures positions and broader market conditions can all influence prices.</p><p class="text-left mb-4 ">Describing total ETF inflows solely as institutional buying would also be incomplete. Retail investors can access these products too; aggregate flow figures alone do not reveal who the buyers are or how long they intend to hold their positions.</p><p class="text-left mb-4 ">The available data suggests that demand through the ETF channel has recovered compared with earlier months of the year. Assessing whether that trend will last requires monitoring whether inflows continue in subsequent trading sessions and how they are distributed across funds.</p>

25 Sep 2026

Bitget Hit by $351.6 Million Hack, Withdrawals Suspended

<p class="text-left mb-4 ">Crypto exchange Bitget reported losses of approximately $351.6 million following an attack on its wallet infrastructure. The exchange temporarily suspended withdrawals pending a security review while keeping deposits and trading available.</p><p class="text-left mb-4 ">Bitget CEO Gracy Chen said the attack affected parts of its hot and warm wallet infrastructure. Chen said cold wallets remained secure and user balances were protected.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">How did Bitget detect the attack?</h2><p class="text-left mb-4 ">According to the company, its security systems detected unauthorized transfers from some hot wallets at 18:31 UTC on Thursday, September 24. The security team then activated emergency response procedures.</p><p class="text-left mb-4 ">Independent researchers had flagged unusual on-chain activity before the exchange issued its statement. Initial findings pointed to roughly $183 million in asset movements, while the company’s announcement put the incident’s scale at $351.6 million.</p><p class="text-left mb-4 ">That created a significant gap between early reports and the loss disclosed by the company. The transactions researchers initially tracked represented only part of the total damage subsequently reported.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Attackers manipulated transaction data</h2><p class="text-left mb-4 ">According to preliminary findings Chen shared on September 25, attackers compromised a critical backend system within the wallet infrastructure. They then manipulated transaction data, causing the exchange’s own authorization process to approve outgoing fund transfers.</p><p class="text-left mb-4 ">Chen said investigators had ruled out private key compromise. Her explanation indicates that the investigation is focusing on the mechanisms used to prepare and authorize wallet transactions.</p><p class="text-left mb-4 ">The exchange also said it had stopped unauthorized outflows. However, investigators are still examining how the attackers accessed the system; the company plans to publish a comprehensive technical report once its findings are confirmed.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Will the protection fund cover the loss?</h2><p class="text-left mb-4 ">Chen said Bitget’s User Protection Fund held more than $464 million in assets. The company maintains that the fund covers the entire $351.6 million loss.</p><p class="text-left mb-4 ">The exchange also said user account balances remained accurate and assets were protected. These assurances come from company management; withdrawals can resume only after the security review is complete.</p><p class="text-left mb-4 ">The latest statements provide no specific date or time for withdrawals to reopen. Chen said technical teams were working to repair systems and strengthen security, adding that the exchange would not commit to a timeline it could not guarantee.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">XRP accounts for the largest share of stolen assets</h2><p class="text-left mb-4 ">According to Lookonchain data, <a href="https://jrkripto.com/en/coin/xrp" target="_blank" rel="noopener noreferrer" class="text-primary underline">XRP</a> accounts for the largest share of assets linked to the attack. The tracked assets include 102.93 million XRP worth approximately $157.5 million and 31,890 ETH valued at $85.8 million.</p><p class="text-left mb-4 ">USDT, USDC and USDT0 together account for approximately $75.5 million. The list also includes gold-backed XAUt, BNB, AVAX and TRX.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-09-25-115907-21145b39.webp" alt="Ekran görüntüsü 2026-09-25 115907.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">The combined value of these assets was approximately $357 million at the time of measurement. Price fluctuations mean the on-chain calculation differs from Bitget’s reported loss of $351.6 million.</p><p class="text-left mb-4 ">SlowMist findings cited in the same report show that addresses linked to the attack span multiple networks. The security firm reported that the attackers were converting some assets on EVM-compatible networks into ETH.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">North Korea connection remains unconfirmed</h2><p class="text-left mb-4 ">Chen also said a North Korea-linked group could be behind the attack. According to comments reported by CryptoNews, that assessment rests on preliminary findings involving VPN connections and similarities to previous attacks.</p><p class="text-left mb-4 ">However, investigators have yet to confirm which group carried out the attack. Chen’s assessment reflects the early findings of an ongoing investigation.</p><p class="text-left mb-4 ">For users, the most immediate uncertainty is when withdrawals will reopen. Although deposits and trading remain available, transfers out of the platform must wait until security checks are complete.</p>

25 Sep 2026

New York Sues Polymarket, Seeks to Halt Its Operations

<p class="text-left mb-4 ">New York Attorney General Letitia James has sued prediction market platform Polymarket US, alleging that it operates an unlicensed gambling business. State authorities are seeking to stop the company from operating in New York without the required licenses.</p><p class="text-left mb-4 ">The lawsuit, announced on September 24, targets QCX LLC, the company behind Polymarket’s US operation. The attorney general is seeking fines, the forfeiture of allegedly unlawful gains, and restitution for affected users.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">New York Classifies Prediction Contracts as Gambling</h2><p class="text-left mb-4 ">The attorney general’s office argues that Polymarket’s contracts fall within the definition of gambling under state law. According to the lawsuit, users wager money on events whose outcomes are beyond their control.</p><p class="text-left mb-4 ">New York authorities say these activities require a license from the New York State Gaming Commission. They also allege that the company has avoided taxes paid by licensed gambling businesses.</p><p class="text-left mb-4 ">Age restrictions are another focus of the case. The attorney general’s office says Polymarket allows users aged 18–20 to participate, while New York requires mobile sports betting users to be at least 21.</p><p class="text-left mb-4 ">The state is also asking the court to impose fines equivalent to three times the company’s gains from its allegedly unlawful activities. These requests do not constitute a final court ruling; filing the lawsuit does not automatically ban the platform.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Polymarket Says It Is Staying in New York</h2><p class="text-left mb-4 ">Polymarket Chief Legal Officer Neal Kumar said the company would maintain its presence in New York following the lawsuit. Kumar said the company had been working with authorities to address their concerns.</p><p class="text-left mb-4 ">Kumar noted that Polymarket was founded in a small New York City apartment and now employs more than 350 people in the city. His statement signaled that the company does not intend to leave its home state.</p><p class="text-left mb-4 ">New York’s action forms part of a broader regulatory dispute over prediction markets. The state filed a lawsuit against Kalshi in July over similar allegations.</p><p class="text-left mb-4 ">At the center of the dispute is whether these platforms should primarily fall under state gambling laws or federal financial market regulations. The latest lawsuit brings that disagreement back into focus through Polymarket’s US operations.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Polymarket US Differs From the International Platform</h2><p class="text-left mb-4 ">Although Polymarket is widely known in the crypto market, there are important differences between its US business and international platform. The international platform uses <a href="https://jrkripto.com/tr/chains" target="_blank" rel="noreferrer" class="text-primary underline">blockchain </a>infrastructure and crypto assets, while Polymarket US operates through a more centralized structure and traditional dollar payments.</p><p class="text-left mb-4 ">Polymarket US describes itself as a designated contract market regulated by the US Commodity Futures Trading Commission (CFTC). The lawsuit therefore focuses on the US business’s position under state law, despite its shared branding with the international platform.</p><p class="text-left mb-4 ">The international platform’s connection to crypto extends beyond offering predictions about Bitcoin or Ethereum. Its infrastructure on Polygon allows positions tied to event outcomes to be represented as tokens.</p><p class="text-left mb-4 ">Users can buy “yes” or “no” shares on an event. Shares corresponding to the correct outcome become redeemable for one dollar when the market resolves, while losing shares become worthless; users can also sell their positions before the outcome is determined.</p><p class="text-left mb-4 ">This distinction also matters when assessing the lawsuit’s implications for the crypto sector. New York’s request does not include a blanket ban on Polygon or the platform’s international blockchain infrastructure; the announced legal action concerns the services Polymarket US offers within the state.</p><p class="text-left mb-4 ">The case could help shape which licenses and user eligibility requirements apply to prediction markets operating in the United States. For now, the central developments are the state’s request to halt operations and Polymarket’s statement that it intends to remain in New York.</p>

24 Sep 2026

Bitcoin Falls: $613 Million in Crypto Positions Liquidated

<p class="text-left mb-4 ">The cryptocurrency market recorded $613.5 million in leveraged position liquidations over the past 24 hours. Short positions, opened in anticipation of falling prices, accounted for $70.6 million. Most liquidations affected long positions held by traders expecting prices to rise.</p><p class="text-left mb-4 ">According to <a href="https://jrkripto.com/tr/liquidation-data" target="_blank" rel="noreferrer" class="text-primary underline">liquidation </a>data compiled for this report, long liquidations reached $542.9 million. Long positions therefore accounted for 88.49% of total liquidations, while shorts represented approximately 11.51%. Long liquidations were roughly 7.7 times larger than short liquidations.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-09-24-134227-f399e580.webp" alt="Ekran görüntüsü 2026-09-24 134227.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">With Bitcoin trading around $84,000, this distribution shows that leveraged bullish positions took the heavier hit. Meanwhile, short liquidations indicate that price swings against bearish positions also triggered forced closures during the broader decline.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Short liquidations reach $70.6 million over 24 hours</h2><p class="text-left mb-4 ">According to the time windows shown at the top of the data dashboard, $26.7 million in short positions were liquidated over the past 12 hours. Total liquidations reached $186.6 million during that period, including $159.9 million in longs.</p><p class="text-left mb-4 ">Over the past four hours, short liquidations stood at approximately $8.9 million. Long liquidations reached $133.2 million, bringing the total to $142.2 million. Long positions consequently accounted for approximately 93.7% of liquidations during that window.</p><p class="text-left mb-4 ">In the past hour, total liquidations amounted to $5.3 million. Shorts accounted for approximately $805,000, while longs represented $4.5 million.</p><p class="text-left mb-4 ">These time windows overlap, so adding them together would not produce a separate daily total. Each window covers a different period looking backward from the time the data was captured.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Binance and OKX stand out for short liquidations</h2><p class="text-left mb-4 ">In the dashboard’s 12-hour exchange table, Binance recorded the highest short liquidation total among the platforms shown. Approximately $13.1 million in short positions were liquidated on the exchange, while total liquidations reached $86.7 million.</p><p class="text-left mb-4 ">Short liquidations stood at approximately $6 million on OKX and $1.8 million on Bybit. Hyperliquid recorded approximately $739,000.</p><p class="text-left mb-4 ">Although Hyperliquid’s total liquidations reached $46.5 million, long positions accounted for 98.41% of that amount. The long share stood at 84.90% on Binance, 87.93% on Bybit and 64.45% on OKX.</p><p class="text-left mb-4 ">This distribution shows that bullish positions accounted for most liquidations across all four platforms displayed. However, the table covers only forced closures within the relevant period; it does not show the distribution of all outstanding positions.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Rising Treasury yields continue to pressure Bitcoin</h2><p class="text-left mb-4 ">Bitcoin traded at approximately $83,900 during the Asian session. Most of the media agencies said rising U.S. Treasury yields increased pressure on crypto assets.</p><p class="text-left mb-4 ">Strong U.S. economic activity data, a rebound in oil prices and weak demand at a five-year Treasury auction contributed to the move. The U.S. 10-year Treasury yield closed at 5.11% on Wednesday.</p><p class="text-left mb-4 ">The $70.6 million short liquidation figure does not represent the value of bearish positions still open in the market. It reflects the value of short positions forcibly closed over the past 24 hours after failing to meet margin requirements.</p><p class="text-left mb-4 ">Similarly, the $613.5 million liquidation total should not be interpreted as an equivalent cash outflow from the market. The figure measures the value of liquidated leveraged positions; it does not directly show traders’ total posted collateral or spot market fund flows.</p>

24 Sep 2026

US Data Pressures Crypto: Bitcoin Falls Below $84,000

<p class="text-left mb-4 ">Bitcoin fell below $84,000 on Thursday, September 24, as altcoin losses deepened. Rising Treasury yields following strong US economic data weighed on risk appetite in the crypto market.</p><p class="text-left mb-4 ">At the time of writing, <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noopener noreferrer" class="text-primary underline">Bitcoin</a> was trading at $83,973, down 2.97% over the past 24 hours. Ethereum fell 2.69% to $2,682, while Dogecoin and XRP posted steeper declines.</p><p class="text-left mb-4 ">CoinDesk highlighted strong US business activity data, a rebound in oil prices, and weak demand at a five-year Treasury auction as factors behind the sell-off. These developments, alongside rising borrowing costs, added pressure on crypto assets.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Strong US Data Shifts Interest Rate Expectations</h2><p class="text-left mb-4 ">S&P Global’s flash US Composite Purchasing Managers’ Index (PMI) rose to 58.4 in September from 56 in August. The indicator, which covers manufacturing and services, reached its highest level since July 2021.</p><p class="text-left mb-4 ">According to Reuters, the US 10-year Treasury yield climbed 8.7 basis points to 5.054%. That brought the benchmark yield to its highest level since 2007.</p><p class="text-left mb-4 ">Meanwhile, futures markets priced in a 73% probability of a Fed rate hike in October, up from 53%. This figure reflects market expectations; it does not represent a confirmed Fed decision.</p><p class="text-left mb-4 ">Stronger economic activity keeps the possibility of tighter monetary policy in focus. With inflationary pressures persisting, robust demand can reinforce expectations that interest rates will remain elevated.</p><p class="text-left mb-4 ">Rising Treasury yields can also affect the crypto market through this channel. As interest-bearing assets become more attractive, investors demand higher returns from volatile assets, potentially limiting demand for Bitcoin and altcoins.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Dogecoin and XRP Lead Losses</h2><p class="text-left mb-4 ">Market data at the time of writing showed Dogecoin falling 7.22% over the past 24 hours to approximately $0.0941. XRP traded at $1.5033, down 6.62%.</p><p class="text-left mb-4 ">Zcash’s daily loss reached 6.41%, bringing its price to approximately $1,515.50. Hyperliquid’s HYPE token also declined 5.04% to $92.51.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-09-24-091342-5c106653.webp" alt="Ekran görüntüsü 2026-09-24 091342.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">Solana fell 2.96% to $114.91, while BNB dropped 2.32% to $772.50. A substantial portion of the major crypto assets shown in the market snapshot therefore remained in negative territory over the past 24 hours.</p><p class="text-left mb-4 ">However, the intensity of the selling varied across assets. Dogecoin and XRP recorded daily percentage losses more than twice Bitcoin’s, while TRON posted a smaller decline of 0.21%.</p><p class="text-left mb-4 ">Bitcoin’s trading volume over the past 24 hours reached approximately $44.24 billion. Ethereum recorded $16.47 billion in volume, while XRP registered $6.47 billion.</p><p class="text-left mb-4 ">These figures represent total trading activity. Trading volume therefore cannot be interpreted as the amount of money leaving the market.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Weekly Gains Remain Intact</h2><p class="text-left mb-4 ">Despite the daily declines, weekly returns in the same market snapshot remained positive. Bitcoin gained 10.04% over the past seven days, while Ethereum rose 10.16%.</p><p class="text-left mb-4 ">Dogecoin’s weekly gain stood at 16.47%, compared with 16.05% for XRP. Solana retained a weekly advance of 15.52%, while HYPE was up 17.41%.</p><p class="text-left mb-4 ">This suggests that the latest selling erased part of the gains from previous days. Although daily losses became more pronounced, the assets covered had yet to surrender their entire weekly advances.</p><p class="text-left mb-4 ">The latest crypto market moves brought the influence of US interest rate expectations back into focus. With strong economic data, rising Treasury yields, and a rebound in oil prices creating pressure simultaneously, Bitcoin traded below $84,000 while altcoins recorded losses of varying sizes.</p>

24 Sep 2026

BTC

Bitcoin ETFs Erase $5.8 Billion Deficit: Data28 minutes ago

BTC, Altcoin

Bitget Hit by $351.6 Million Hack, Withdrawals Suspendedabout 12 hours ago

Blockchain

New York Sues Polymarket, Seeks to Halt Its Operations1 day ago

BTC, Altcoin

Bitcoin Falls: $613 Million in Crypto Positions Liquidated1 day ago

BTC, Altcoin

US Data Pressures Crypto: Bitcoin Falls Below $84,0001 day ago

BTC

Bitcoin ETFs Erase $5.8 Billion Deficit: Data28 minutes ago

BTC, Altcoin

Bitget Hit by $351.6 Million Hack, Withdrawals Suspendedabout 12 hours ago

Blockchain

New York Sues Polymarket, Seeks to Halt Its Operations1 day ago

BTC, Altcoin

Bitcoin Falls: $613 Million in Crypto Positions Liquidated1 day ago

BTC, Altcoin

US Data Pressures Crypto: Bitcoin Falls Below $84,0001 day ago

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