Ethereum leads major‑cap underperformance
Ethereum trades around $3,200, off roughly 3%–4% on the day, underperforming Bitcoin’s ~1%–2% decline. CoinDesk highlights over $500M in leveraged liquidations across BTC and majors after BTC failed to hold an early‑week breakout near $94K, with ETH particularly hit as traders unwind high‑beta bets.