Key Takeaways
- BTC briefly hit a fresh ATH above $123.5K, in sync with the S&P 500’s second straight record close, a clear cross‑asset risk-on read.
- ETH strength broadens the move: corporate treasuries remain active; ETF demand persists with the second-highest daily inflow yesterday. Together, they are anchoring structural inflows as leverage rebuilds across majors.
- Despite the breakout, volatility remains compressed and altcoin open interest elevated, a setup that can magnify any shock. Risk systems should stay tight as we trade into resistance bands.
