BTC flash-crashed on Sunday as an early-holder sold 24K BTC ($2.7 billion), wiping ~$500 million in leverage. Current support sits at $111K to $109K, with resistance at $115K to $116.8K.
BTC ETFs logged a 6-day outflow streak worth $1.2 billion in total while ETH ETFs logged a $238 million weekly outflow. However, ETH saw continued institutional inflows with Bitmine adding $45 million worth of ETH to raise its holdings to $7 billion and the ETH/BTC cross broke 0.04, as the rotation narrative intensifies.
Altcoin futures OI surged +$9.2 billion in one day to a record $61.7 billion, with leverage piling up, raising fragility risk.
Two insider-linked incidents dating back to February 2025 exposed support data from roughly 2,000 accounts. The exchange says no breach occurred and funds were never at risk.
Crypto markets recovered Monday as Iran nuclear talks progress and the Strait of Hormuz blockade remains without escalation. BTC approaches $74,000, but elevated equity correlation and fragile technicals keep the risk-reward unclear.
The HKMA handed its first approvals to the banks that already print the Hong Kong dollar. That tells you everything about what these tokens are meant to be.
Geopolitical pressure from the Strait of Hormuz standoff continues to weigh on BTC, which has failed to sustain gains above $72,500 even as whale selling dries up and leveraged shorts accumulate.
