币界网报道:Bitcoin's price plummeted to $40,600, triggering $958 million in liquidations across 263,000 traders—the largest single-day liquidation event since August 18. Long positions accounted for $845 million of the losses as BTC dropped 7.5% in 24 hours. The sell-off followed speculation about potential outflows from the Grayscale Bitcoin Trust if converted to a spot ETF, with analysts noting GBTC's 8.5% discount to NAV suggests market concerns. The crypto market cap fell 6.6% to $1.56 trillion, while Ethereum dropped 7.3% to $2,200 amid broader altcoin declines.