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.
Bitcoin’s bounce above $64K triggered massive short liquidations and revived ETF inflows, but lingering outflows and weak technicals leave the recovery on uncertain footing.
Luxembourg's regulator grants final CASP authorization, enabling Ripple to provide regulated services across 30 European Economic Area countries following months of regulatory navigation.
MiCA's full enforcement on July 1 reshuffled stablecoin routing. Robinhood's Arbitrum bet is the clearest signal yet that enterprise procurement—not retail volume—is now what determines which L2s capture institutional flows.
