Bitcoin slipped 1.72% to $76,072 as forced selling clustered around 04:00 UTC, with open interest falling $2.09 billion for Bitcoin and $303 million for Ethereum. Funding stayed positive across all six recorded periods, meaning longs were still paying shorts even as prices fell, a sign the trigger was crowded positioning rather than any fundamental break. Ethereum looks more exposed to a second wave, with 71.8% of Binance accounts long and $2,400 the level it needs to reclaim.