Bitcoin Recovers from Brief Flash Crash; Solana Outpaces Ethereum in Buying Frenzy

Bitcoin suffered a flash crash on BitMEX exchange to $8,900 before quickly recovering to $67,000; selling pressure from a whale may have catalyzed the plunge
Over $440 million in liquidations hit crypto futures traders betting on further bitcoin price rises after BTC dropped under $64,000
Grayscale saw record GBTC outflows of over $640 million on Monday while other ETF products saw just under $500 million in inflows
Binance is requiring prime brokers to conduct enhanced know-your-customer checks to ensure they don't serve US individuals after settling sanctions violations
Solana has seen far more aggressive buying pressure than Ethereum over the past week based on rising cumulative volume delta for SOL versus downtrend for ETH