Approximately 34K BTC and 220K ETH options expired today with max‑pain at $118K for BTC and $4.25K for ETH. BTC short‑tenor IVs remain above 35% while ETH short‑tenor IVs are above 80% with markets re‑pricing near‑term volatility.
BTC ETFs logged a 5th straight outflow day (‑$194 million) while ETH ETFs saw +$288 million (led by BlackRock’s ETHA). This rotation favors ETH despite broader de‑risking.
Largest BTC liquidation cluster lies between $114.7K - $115K with near-term support at $111.2K and deeper support at $109.4K - $107.6K.
A wave of forced short covering pushed bitcoin to its highest level since January, and a Hyperliquid liquidation map shows the next flashpoint sitting near $95,750.
Bitcoin shrugged off a failed Senate crypto bill and the Fed’s first rate hike since 2023. With ETF inflows returning, $82,500 is now the level that matters.
The Japanese financial group is backing dtcpay through two investment vehicles as it looks to build digital-asset links between Japan and Southeast Asia, adding to a round Vertex Ventures led in March.
Coinbase, Strategy and Robinhood all jumped more than 9% Friday on Wall Street's read of the SEC's tokenized-stock framework, while Hyperliquid, Zcash and NEAR led a broader altcoin surge that pushed the total market back above $2.8 trillion.
