BTC slid under $110K for the first time in 47 days, triggering ~$895 million liquidations in 24h with over 92% of the liquidations long positions. ETH dropped ~7% from its ATH $4,955 to $4,415, wiping ~$266 million in long/short positions.
Despite weakness, corporate/treasury bids remain active. Strategy added 3,081 BTC worth $343 million, Goldman Sachs made a $194 million purchase of BTC, Remixpoint acquired 41.5 BTC, Metaplanet added 103 BTC, and ETHZilla purchased 7,562 ETH worth $35 million. These treasury inflows highlight selective accumulation into stress.
BTC RSI at 43.6, edging toward oversold, along with Net Unrealized Profit/Loss falling to 5.1% from 8.8%, flags fading profitability. The key risk is a break of the 200-day EMA at $103.7K or the 200-day SMA at $100.8K which would jeopardize the bull cycle market structure.
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.
