Bitcoin crashes back to $35k with $367 million in liquidity.

After briefly rallying as high as $38,000 late last week, Bitcoin (BTC) fell to $35,100 on Tuesday.

The crash triggered more than $367 million in liquidity in the crypto market over the past 24 hours.

According to Coinlas, more than $200 million in outflows occurred in the last hour alone. During the day, more than 103,000 trades were settled, the largest was the BTC-USDT exchange on OKX for $9.45 million. Bitcoin started trading at around $36,700 in response to better-than-expected US CPI data. However, it trades at approximately $35,400 at the time of writing. Bitcoin traded at an 18-month high of $37,800 on Thursday as excitement continued over the possible approval of a Bitcoin ETF in the United States. However, JP Morgan analysts warned at the time that the rally may have been overblown and that the ETF's actual impact on Bitcoin's price may be less than expected. Since the pump, asset management giant BlackRock has listed an Ethereum ETF for the spot, which subsequently brought the price of Ether (ETH) above $2000. As of Tuesday, ETH is down 6% at $1,974.