Bitcoin's recent correction has reduced leverage across derivatives markets, creating a healthier structure amid weak spot trading activity, according to a report from CryptoQuant on Monday.
Bitcoin treasury company Nakamoto sold approximately 600 BTC and related derivatives, according to a statement on Thursday. The company used the proceeds to reduce debt, lower financing costs and extend the maturity of a major loan facility.
Solana (SOL) remains under pressure, trading below $66 on Monday after losing nearly 20% in the previous week. Institutional demand weakened with spot Exchange Traded Funds (ETFs) recording a net outflow of over $6.5 million last week, snapping a four-week streak of inflows.