Bitcoin Sinks Below $113K as Stocks Hit Records; Sell-Off Could Have Room to Run, Says Bitfinex

Group 1 - Bitcoin's rally attempt has stalled again, failing to hold above $116,000, with prices dropping to $112,700, down nearly 2% over the past 24 hours [1] - Ether has fallen 4%, dropping below the $4,000 level, while the broader crypto market showed mostly negative performance despite new spot ETF listings in the U.S. [2] - Crypto-related stocks initially showed gains but faded sharply into the red by the end of the session, with notable declines in companies like Bitfarms, CleanSpark, Hive, and Galaxy [4] Group 2 - Analysts from Bitfinex warned that Bitcoin's correction may not be over, indicating that it needs to hold above the short-term holder cost basis at $113,600 to confirm a constructive shift [5] - Failing to sustain above the $113,600 level poses a risk of a deeper retracement to around $97,500, which is seen as the likely lower bound of the current consolidation range [6]