Deniz 
Over the weekend, the market for cryptocurrencies slightly slumped. As of 07:00 UTC, Bitcoin is trading at $57,719, down 1.5% daily and almost exactly 10% over the past week. With a market capitalization of $1.1 trillion and a 54% market dominance, the biggest bitcoin keeps.
The second biggest cryptocurrency, ether, is selling for $2,440 and shows a 1.7% drop over the last day and an 11% drop over the past week.
Based on Coinglass statistics, Bitcoin long liquidations on centralized exchanges during the past 24 hours were approximately $41.5 million, out of a total of $50 million in Bitcoin position liquidations. With over $135 million coming from long holdings, the larger cryptocurrency market saw over $162 million in liquidations.
Data from Sosovalue shows that the most recent downturn followed a week of net outflows from American spot Bitcoin ETFs totaling $276 million last week. Based on CoinGlass data, financing rates for bitcoin futures across derivatives exchanges have been negative throughout the slide, implying a gloomy view among traders presently.
Moreover, with subsidies and fees bringing $851 million—of which only $20 million came from on-chain fees—Bitcoin miners’ income in August fell to a new low for the year.
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