ETF flows remain negative: BTC ETFs (-$523 million) and ETH ETFs (-$422 million) recorded back-to-back sessions with zero inflows; combined >$1.2 billion outflows this week signal ongoing institutional rotation.
Profit-taking pressure: Long-term holders (>1m) across BTC, ETH, SOL, XRP, TRX continue to lock in historic profits, reinforcing broad distribution.
BTC market structure weakens: Price retreated to the $114K air gap, Spot CVD negative, RSI cooled; thin liquidity until $112K.
Open Interest pulled back after extremes, but funding bias remains long; options skew shows persistent demand for downside protection.
User activity and fees softened; realized capital flows slowed; yet transfer volumes spiked, suggesting reactive capital movement during periods of volatility.
The altcoin market has crossed a key technical threshold, but weak relative performance against Bitcoin suggests the long-awaited rotation has yet to arrive.
Circle will keep paying Binance a monthly fee tied to USDC balances on the exchange, making Binance both a shareholder in the stablecoin issuer and one of the partners it pays for distribution.
The Korean wallet maker says users who ran app versions older than November 2025 are exposed, and has told them to generate new recovery phrases and move every asset to fresh addresses.
The inquiry comes a week after Manhattan prosecutors named Binance as the venue for laundered Iranian oil money in a $61 million forfeiture case, and less than three years into the exchange's $4.3 billion plea deal.
